“If there is one common theme to the vast range of the world’s financial crises, it is that excessive debt accumulation, whether by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.” — Carmen Reinhart
“In investing, what is comfortable is rarely profitable.” — Robert Arnott
Where are we, at the end of April 2021?
April was a bounce-back month for us, as our funds generally outperformed the averages. We do continue to hold investments in the ATAC fund, which does best in years where there are more serious pullbacks (such as 2020 where it made over 70%) and in certain floating or fixed rate income funds which are designed to make accounts less aggressive.
On the fixed income side, I am moving in the direction of dividend paying securities, including preferred stocks, common stocks, REITS (real estate income trusts) and closed end mutual funds that yield in the neighborhood of 8+%. I am currently utilizing up to 60 of these. In order to do this without Fidelity commissions, your account MUST be set up for email monthly statements and buy/sell confirmations (very large accounts and households, excepted). Please communicate to me your interest in doing this. I feel that the dividend payers have much more upside (outperforming the stock averages the last 6 months) and the dividends themselves will position your account for eventual retirement income, as well. I would be able to send you an email instructing how to make this change, IF necessary.
Let’s set up a call to discuss this.
We should talk if you would like to review exactly where you stand or if we should consider a change. I am available at your convenience. I have Skype video in case you would like to do a video conference.