(08-13-2022, 01:54 PM)fenders53 Wrote:(08-13-2022, 12:09 PM)rayray Wrote:I used to own a diversified foreign ETF in the 1990s. That was back when they occasionally outperformed. I am sure we could pick a country and win some years but that I don't think either of us are really looking for more research projects.(08-13-2022, 09:59 AM)fenders53 Wrote: Back to port ATH. Three days in row now. Longest streak this year by about 2 1/2 days. I am only up a little over 1% but that feels like a win this year.
i'm still in the "red" for the year
41 individual holdings--i feel much better with a smaller higher quality portfolio even though some holdings are larger then i've ever held in the past
plus
5 mutual fund/ETF--i'm actually thinking of dumping the foreign MF--not sure if it's actually needed since a lot of U.S. based companies have a global reach--plus the foreign fund just doesn't perform as well as the others--i've been in this fund for 25 years and it lags a bit--i don't see that changing in the next 10 to 12 years (what's left of my working career)
of course the day i dump it is the day it outperforms lol
I definitely feel better with less holdings of higher quality. I did OK this year, but oil is some of why I am actually green both YTD and ATH with no new money added. I still sell options of curse and being hedged with covered calls has worked very well some months. Not July lol. Nothing works always. The one advantage to what I do is I am not down significantly at any point this year. Nothing like the indexes. It's easier to ride the dips now that I am retired. I am just not excited about being down 20%+ if I can greatly lessen the chance of that. If it means I never see an up 25% year again, I think I can live with that. I'll have to be lol.
i know i asked you before but have you dabbled in preferreds? i have two retired friends that have invested in the preferred market successfully--one since 2005--he has it down to a science--he buys into them when they are below their buyout price of 25--and sells when they get carried away in price--he's had some get into the 35 to 40 dollar range when the buyout is well 25--takes the money and runs--he's picked up some nice preferreds in the 10 to 12 dollar range in this latest market downturn
edit: he's never had a preferred go to term--all his preferreds end up getting bought out--and he's been doing it since 2005--manages his own accounts since his last FA let a 30K investment go down to a few hundred bucks--when he noticed and called the FA basically said it happens--well--my buddy fired him on the spot and said--well--it happens
the kicker is he can't even write the loss off because it was in a retirement account--i remember he also told the FA you must be some kind of special asshole