#HYHRD Watch List w/e 1/21 $BGX $FIF $HYB $NHF $JSD $TLI



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.

  1. run (012117) screener @ cefconnect.com
    • criteria used
    • screen
  2. 1st 10 initial results; AWF,HYT,DSU,FRA,BLW,BBN,BGX,EFT,EVG,ETO
  3. next 10 initial results; ETO,ETG,EVT,EXG,FIF,FSD,FLC,GLU,GBAB,HTD
  4. next 10 initial results; NHS,HYB,NHF,JMT,JMM,JPS,NSL,JSD,PFL,PFN
  5. remaining initial results; PHD,IGD,TLI,GDO,HYI,WEA
  6. run each symbol obtained through perfcharts on stockcharts.com
    • if performance is over ~24%, then symbols will generally be retained
    • remove all but the top 6 performers
  7. results; BGX FIF HYB NHF JSD TLI are graphed;
  8. List the “final list” in the title of this post
  9. Optionally, run this final list through Chartmill

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.

Stay tuned!

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!

panda_wildePat Rosenheim
(PandA Trader)
High Yield, High Return Dividend


About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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