What Did You Buy Today?

[fenders53]

(01-12-2021, 12:00 PM)kblake Wrote:

(01-12-2021, 10:40 AM)fenders53 Wrote: Added to AMT in my growthy port.  Getting behind in my monthly purchases.  REITs and some UTEs looking fairly attractive too but I'll post my put sales in the option thread.

I like that name..

AEP, XEL, D, DUK, SO and all the utilities are getting hammered.

Rising US interest rates tend to weigh on income focused equities and pose the prospect of increased costs to borrow money in the future. But this is way overdone.

I have them all on my buy list but have not pulled the trigger yet. I'm hoping we have a few more down days, while they keep bidding up all those crap stocks that are being manipulated by the Robinhooders 

IMO you are smart to go slow, I am just nibbling.  I doubt we'e seen the bottom so selling puts so I have a little downside protection.  Fairly big nibbles for me soon, but I'm not going crazy yet.  As I get older it's interesting to watch the old scenarios and investor rules attempt to play out, but the macro is never actually the same.  It's always been completely normal for UTEs to pull back 10% or more when interest rates rise, but we aren't talking about the 10yr treasury rising from 3 to 5% and making UTE yields risk/reward less attractive.  It's not at all like that this time and income investors will be back to UTEs soon enough.