[Hifred]

[QUOTE=keepsake;2065135]Ha Ha that PSLDX has a minimum investment of $1,000,000.00

This is not true! I bought PSLDX from my Schwab account and bought $2,000. It pays regular dividends and after seeing how it worked I invested more. You should not spread false information. Go to Schwab.com and look up PSLDX. I couldn't afford 1 mil of stock.

[Hifred]

This is where you can buy PSLDX and it does not have a million dollar minimum.

TD Ameritrade has no minimum but imposes a $50 transaction fee.
Firstrade has a $500 minimum and no fee.
Schwab has a $1,000 minimum and a $50 fee.

Hopes this helps. It provides a nice amount to spending money. However, it is taxable and you will get a 1099 on the dividends you receive. So PSLDX works better in a ROTH where it can grow tax free.

[CoachKandSportsguy]

Originally Posted by hdanielblank

Funny, I used to work for Value Line and love the fact that they supply safety ranks. That said, individual stocks in a quantity less than 30 are simply too risky in price volatility and credit risk for you to put too much of your nest egg in. Please do not do that.

I would agree unless you can do CFA type equity analysis about revenue growth, capital structure and spending trends against macro economic backdrop, ie, what the professionals do for equity buy / sell analysis every day, unless they are closet indexers.

And don't believe the ponzi scheme hype about bitcoin or any or sh*tcoin either. Bitcoin acts like a high tech stock, not any hedge against currency risk. A well diversified portfolio of anything is better than a single investment.

Unless you have shorted CVNA, in which case, carry on!

[CoachKandSportsguy]

Here is the 10+ year monthly price chart of PCEF. . .

Interesting chart and yield. . .

[Stu from NYC]

Originally Posted by CoachKandSportsguy

I would agree unless you can do CFA type equity analysis about revenue growth, capital structure and spending trends against macro economic backdrop, ie, what the professionals do for equity buy / sell analysis every day, unless they are closet indexers.

And don't believe the ponzi scheme hype about bitcoin or any or sh*tcoin either. Bitcoin acts like a high tech stock, not any hedge against currency risk. A well diversified portfolio of anything is better than a single investment.

Unless you have shorted CVNA, in which case, carry on!

Since the vast majority of professional have a heard time beating the broad market think it is best to invest in mutual funds with good track records or ETF.

[CoachKandSportsguy]

Originally Posted by Stu from NYC

Since the vast majority of professional have a heard time beating the broad market think it is best to invest in mutual funds with good track records or ETF.

Absolutely hire professionals for what you are not a professional in, as with most specialty skill sets

That's because there is transactional friction in running a fund. Its not impossible, just very hard. There are also legal barriers which make it harder to beat the market, because advertising as an active mgmt fund, and then being a closet index fund, can and has brought legal trouble to funds. . . however, if you go to the US trading championship, there are many people who easily beat the market handily, but that can't scale to millions.

Financial investing doesn't scale linearly. That is why TV growth has out grown the service capacity of the surrounding area. Build it and they will come doesn't work at scale with bigger competitors next door.

[triflex]

I bought some Russian bank stock today as it is down 75% today. Pays a nice dividend of 11%. SBRCY.

Only about $1k worth but I might buy more.

[CoachKandSportsguy]

Originally Posted by triflex

I bought some Russian bank stock today as it is down 75% today. Pays a nice dividend of 11%. SBRCY.

Only about $1k worth but I might buy more.

I rented $RSX today, a Russian country ETF

not sure it is a quick flip, but the future is uncertain

[keepsake]

I have had a fidelity account for 40 years. That's where I encountered a 1 million minimum message.

I past below content on my trade dialog.

SYMBOL
PIMCO STOCKSPLUS LONG DURATION FUND CL INST
fee.svg
$6.55+0.08 (1.236%) Prospectus
Investment Minimum
$1,000,000.00
30-Day Yield
2.52%

[keepsake]

To buy $100 worth ...

Estimated order value, including $49.95 fee:
$149.95

[Hifred]

That may be with Fidelity but not with the other brokerages I mentioned. You can buy less than 1 million of PSLDX. I used to trade with Fidelity but moved my trading over to Schwab.

[valuemkt]

MREITS work until they don;t .. ALL have a history of dividend cuts and erratic price movements. AGNC is an Agency REIT purported to be safer than non-agency. Do your homework and diversify. Also look at MREIT preferreds

[unialimon]

How about a company that doesn't give to BLM.

[Stu from NYC]

Originally Posted by CoachKandSportsguy

I rented $RSX today, a Russian country ETF

not sure it is a quick flip, but the future is uncertain

Guess you will accept more risk than I would. And nothing wrong with that.

I am very satisfied with a 10% average long term gain in my mutual funds.

[CoachKandSportsguy]

Originally Posted by Stu from NYC

Guess you will accept more risk than I would. And nothing wrong with that. I am very satisfied with a 10% average long term gain in my mutual funds.

If its down 50%+ there is lot less risk that if the price is double that. . remember buy low, sell high, and there is nothing like big price moves to change sentiment. .. . its a counter intuitive job, which in and of itself is prone to buying something on sale going to zero, ie Enron, which i bought on its way down, and then realized the issue and shorted it to gain my loss back. . .

Trader's mentality. I am up 7.5% YTD on my trading between shorting the market and going long on big selloffs, etc. long on the ups and short on the dips, . . mostly trading $SPY for equity and $TLT for bonds. Currently short $TLT, the 20 year bond ETF

being a rental, its not a long term hold. . . just another trade. . . making 5% and 8% in a day on a trade today, $LIT and $REMX, annualized, its a great trade. break even on RSX today from yesterday.

But i am way underwater today trying to reshort $CVNA on today's move. . . so its not all perfection, just a failure to enter a stop loss order to prevent this as i working the day job as well, stupid, stupid, stupid. . failure of execution