I’m Pat Rosenheim, a.k.a. the PandA Trader.
This Watch List Update will be issued as warranted. These results focus more on closed end funds than other issues. This will also be the focus on a “go-forward” basis.
Hindsight can be 20/20, foresight not so much.
I can’t always hit them, but below are my targets.
My expectations have changed. My new expectations for the #HYHRD (High Yield High Return Dividend) Portfolio:
I target a minimal annual return on price and NAV (both `10%?) and a minimum 5% dividend yield for income.
I am hitting some of my targets.
What follows is one of my methods to screen for possible investments, and the one I currently use;
In a previous post, I outlined a method to screen for and select new additions to the portfolio.
I modified the procedure slightly since that post, but it is generally the same screen.
I used a similar process when I first started investing in CEFs last year.
- run (012117) screener @ cefconnect.com
- criteria used
- if performance is over ~24%, then symbols will generally be retained
- remove all but the top 6 performers
I also like to run this list through the CandleGlance tool on stockcharts’ website; http://stockcharts.com/freecharts/candleglance.html?BGX,FIF,HYB,NHF,JSD,TLI|D|A12,26,9|
I think the 1 year view gives a very good visual representation of past performance and some insight into future direction. The % P&F is my favorite optimist tool.
I’ll leave you with a screenshot of a 1 year chart of TLI (apologies for the fullscreen 1920 x 1080 resolution):
As always, YMMV!