Ok, time to come up for air for a bit. Gainful employment is a good thing 
.
The LYHG port is essentially unchanged, with one addition - CAT bought at 4% yield. I've also bought more CVX when yield reached 5%.
ACN
ARG
CAT
CHD
CMI
CVX
GE
GWW
MCD
SBUX
SJM
UNP
WBA
The HYLG part of the port, however, has been significantly trimmed.
Positions eliminated:
LNCO (blech, what a lesson learned that was)
KMI (Good in a ZIRP environment, not sure how good it will be if/when rates start to increase)
HTGC and TCPC (BDCs that were not performing well)
Positions added
FPI (Farmland REIT, very interesting, but it's a partial position that I'm watching)
This is what I have left - 3 BDCs and 7 REITs and one goofy oil drilling company:
DLR
FPI
FSIC
MAIN
O
OHI
PFLT
SDRL
STAG
VTR
I'll be initiating a position in WPC sometime this week.
Part of the reason for this change is that I realized that I can quickly recreate the HYLG port when I'm a bit closer to retirement. So why take the risk now, when things are getting very, very strange? However, I'm holding on to the LYHG positions and am willing to take the beating if we finally have our long overdue correction. Actually, if that stuff goes on sale I'll probably buy more, much as I've done with CVX.
.The LYHG port is essentially unchanged, with one addition - CAT bought at 4% yield. I've also bought more CVX when yield reached 5%.
ACN
ARG
CAT
CHD
CMI
CVX
GE
GWW
MCD
SBUX
SJM
UNP
WBA
The HYLG part of the port, however, has been significantly trimmed.
Positions eliminated:
LNCO (blech, what a lesson learned that was)
KMI (Good in a ZIRP environment, not sure how good it will be if/when rates start to increase)
HTGC and TCPC (BDCs that were not performing well)
Positions added
FPI (Farmland REIT, very interesting, but it's a partial position that I'm watching)
This is what I have left - 3 BDCs and 7 REITs and one goofy oil drilling company:
DLR
FPI
FSIC
MAIN
O
OHI
PFLT
SDRL
STAG
VTR
I'll be initiating a position in WPC sometime this week.
Part of the reason for this change is that I realized that I can quickly recreate the HYLG port when I'm a bit closer to retirement. So why take the risk now, when things are getting very, very strange? However, I'm holding on to the LYHG positions and am willing to take the beating if we finally have our long overdue correction. Actually, if that stuff goes on sale I'll probably buy more, much as I've done with CVX.