Thanks for the primer, Be Here Now! That is excellent!
In my transition from LYHG to HYLG I had stumbled upon Upstream and Midstream MLPs along with BDCs. Don't know a thing about the ETNs but now I have homework. mREITs still scare me.
The big challenge is in the portfolio construct. Obviously, this is a pretty limited group of securities, and so it would be nice to figure out a way to smooth out the returns. For instance, I have been restructuring my port and am a bit heavy in REITs and BDCs right now. Today was a pretty solid day for all the 'normal' indices, but my port was in the red because REITs were punished for some reason.
I don't have a solution, but I'm thinking that for now - in my transitory phase, with 5-10 years to retirement - that I will keep some high quality LYHG equities while I increase my HYLG positions. And if I pick right, some of those LYHG positions will get me my desired 10% YOC over that time period, so I can simply keep them in the port!
It will be interesting for sure....
And here is an interesting SA article on just this subject....
http://seekingalpha.com/article/2298795-...-investing
Hmmmm....
In my transition from LYHG to HYLG I had stumbled upon Upstream and Midstream MLPs along with BDCs. Don't know a thing about the ETNs but now I have homework. mREITs still scare me.
The big challenge is in the portfolio construct. Obviously, this is a pretty limited group of securities, and so it would be nice to figure out a way to smooth out the returns. For instance, I have been restructuring my port and am a bit heavy in REITs and BDCs right now. Today was a pretty solid day for all the 'normal' indices, but my port was in the red because REITs were punished for some reason.
I don't have a solution, but I'm thinking that for now - in my transitory phase, with 5-10 years to retirement - that I will keep some high quality LYHG equities while I increase my HYLG positions. And if I pick right, some of those LYHG positions will get me my desired 10% YOC over that time period, so I can simply keep them in the port!
It will be interesting for sure....
And here is an interesting SA article on just this subject....
http://seekingalpha.com/article/2298795-...-investing
Hmmmm....