I’m Pat Rosenheim, a.k.a. the PandA Trader.
This Watch List Update will be issued monthly, or 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 it out of the park”, 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, and regularly harvest and reinvest (or withdraw) gains.
What follows is one of my methods to screen for possible additiuon to the watch lists, and the one I am currently using;
I modified the procedures slightly since my last post, and now look for 2 key data points; annualized return and distribution yield.
This is what I currently own (listed alphabetically in groups of 10);
ACSF, AGD, ARCC, ARR, AWP, BDCL, BDJ, BFK, BGH, BKN
BTA, BXMX, CEFL, CLM, CRF, CSQ, CXE, DFP, DHF, DHY
DIAX, EAD, ECC, EVN, FFC, FHY, FIF, FLC, FPF, GAIN
GLAD, GOF, GUT, HIX, HPF, HPI, HPS, HYB, IVH, JPC
JPI, JPS, KIO, LDP, LEO, MAIN, MAV, MFM, MHI, MITT
MORL, NAD, NEWT, NHF, NRO, NRZ, NVG, NYMTN, NYMTO, NZF
OAKS, OIA, ORC, OXLC, PDT, PFD, PFO, PHK, PHT, PMF
PML, PMM, PMX, PSEC, PSF, QQQX, RA, REML, RFI, RNP
RQI, SAR, SCM, SPXX, STK, TICC, TLI, TPZ, TWO, UTF
This is the whole watch list which includes results from previous screens and includes conversations with others (but excludes my current holdings and again listed in groups of 10);
AWF, AFT, ACP, BHK, HYT, BTZ, DSU, BME, FRA, BGT
BKT, BLW, BBN, BUI, BSL, BGX, DNP, DBL, EFT, EFR
EVF, EVG, ETO, ETG, ETB, ETV, EVT, EXG, FSD, GLU
GBAB, VLT, HTD, MGF, NHS, JQC, JRO, JFR, JMT, JLS
JMM, NSL, JSD, PFL, PFN, PHD, ISD, PIM, ZTR, IGD
GDO, HYI, IGI, DMO, WEA, PNNT, IRT, STB, CPTA, AOD
SUNS, HRZN, CINR, CIG, BXMT, RVT, AINV, NYMT, AGNC, AINV
FDUS, MRCC, PFLT, TCPC, STB, DOW, VOD, BCE, HTGC, TWSAX
VAGIX, BLW, TWHIX, DTE, ARI, CY, NSA, CHCT, BIF, SOHO
BBK, CMU, FMN, IQI, PMO, NMZ, DEX, STB, SJR, O
CII, BME, EOI, EOS, ETY, GRF, FFA, GGT, GPM, IFN
JOF, USA, ASG, GF, IRL, JCE, JRI, JTD, PCM, PTY
PCN, PDI, PKO, PFL, PFN, RIF, RCS, HQL, VGI, ZF
BTO, CAF, IIF, ANH, CIM, CYS, MCC, MFA, APO, BGCP
ABBV, OSB, ADX, GSBD, BIT, CHW, CET, FOF, DSL, GAB
GPM, PCI, RVT, TDF, TY, NCLH, RCL, CCL, BIF, AB
CG, SAMG, AEE, AGR, BHBK, CCOI, EMCF, FAF, FNF, HE
NTB, QTS, RCKY, ANH-C, RSO-B, RSO-C, EDF, ANH-C
These are the results of the most recent screen;
CGO, CSQ, PSF, RFI, STK, ETO, EVT, ETV, GGT, GUT
GOF, HPI, USA, HYB, IRL, JRS, PCM, PTY, PCN, PDI
PKO, PFL, TDF, VGI, DMO
These are the results with my current holdings omitted;
CGO, ETO, EVT, ETV, GGT, USA, IRL, JRS, PCM, PTY, PCN, PDI
PKO, PFL, TDF, VGI, DMO
These are the results with my current watch list omitted;
This is the chart (or charts) of those performing at or above 30% for 200 days (CY, CHCT, GF, BGCP, APO, CAF, ABBV, CHW, TDF, RCL, FNF, FAF, CG, RCKY, CGO), according to the PerfCharts on stockcharts.com;
The chart of $CY $CHCT $GF $BGCP $APO $CAF $ABBV $CHW $TDF $RCL performing at or above 30% for 200 days
The chart of $FNF $FAF $CG $RCKY $CGO performing at or above 30% for 200 days
I also like to run the final symbols through the CandleGlance Charts on stockcharts.com. I think the 1 year view (with MACD indicator added) gives a very good visual representation of past performance and some insight into future direction. The P&F charts are my favorite tools, albeit somewhat overly optimistic.
As always, YMMV!
PLEASE TAKE NOTE AND REMEMBER THIS!
I’m not telling anyone to buy anything or giving anyone any advice, because that’s illegal. You see, I have no letters after my name, like RIA, CFA, etc. I SIMPLY DO NOT GIVE ADVICE. I only tell (and show!) what I do. You, like me, are all alone in this.
And remember, always do your own due diligence!