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 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.
Title of this post is not all-inclusive of securities selected for further scrutiny…
What follows is one of my methods to screen for possible addition 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. I find both of these combined in the free PerfCharts on stockcharts.com. These charts look for Total Return, which includes dividends in addition to annualized return.
To get a baseline, let’s look at the indexes (DJIA, Nasdaq, S&P 500) along with their ‘tracking’ CEFs (DIAX, QQQX, SPXX) over the past 200 days (the default for the chart, and subsequently all charts in this post);
We can see the Nasdaq $COMPQ @ 20.74% is being very closely tracked by QQQX @ 20.13%, and the DJIA $INDU @ 19.08% slightly overtaken by DIAX @ 19.26%. But, the S&P 500 $SPX @ 14.18% is being severely trounced by SPXX @ 22.30%. Throw out the top and bottom results (both S&P 500), and the remaining 4 give us our numbers to beat for this screening & watch list post (19.08% – 20.74%) or around 20% for the past 200 days.
Hey, have you heard the one about “past performance is no indication of future results”?
This is what I currently own (listed alphabetically in groups of 10);
ABBV, AGD, ARCC, ARR, AWP, BDCL, BF/A, BF/B, BFK, BGH
BKN, BTA, BXMX, CEFL, CLM, CRF, CSQ, CXE, DFP, DHF
DHY, DIAX, DNP, EAD, ECC, EVN, FFC, FHY, FIF, FLC
FPF, GAIN, GLAD, GLOP, GOF, GUT, HIX, HPF, HPI, HPS
HYB, IVH, JPC, JPI, JPS, KIO, LDP, LEO, MAIN, MAV
MITT, MMD, MORL, NAD, NEWT, NHF, NRO, NRZ, NVG, NYMTN
NZF, OIA, OXLC, PDT, PFD, PFO, PHK, PHT, PMF, PML
PMM, PMX, PSF, QQQX, RA, REML, RFI, RNP, SAR, SPXX
STK, TLI, TPZ, UTF, VGR
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, DWDP, VOD, BCE, HTGC, TWSAX, HEI
VAGIX, BLW, TWHIX, DTE, ARI, CY, NSA, CHCT, BIF, SOHO
BBK, CMU, FMN, IQI, PMO, NMZ, DEX, SJR, 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, OSB, ADX
GSBD, BIT, CHW, CET, FOF, DSL, GAB, GPM, PCI, RVT
TDF, TY, NCLH, RCL, CCL, AB, CG, SAMG, AEE, AGR
BHBK, CCOI, EMCF, FAF, FNF, HE, NTB, QTS, RCKY, ANH-C
RSO-B, RSO-C, EDF, PRGTX, BST, GLO, NCZ, CCD, CHI, CHY
BOE, ARDC, ERH, BGB, DDF, EOS, GDV, LGI, RMT, TWN
IDE, ACSF, BDJ, MFM, MHI, OAKS, ORC, PSEC, RQI, SCM
TICC, TWO, AFG
This is the chart (or charts) of those performing at or above 20% for 200 days (ABBV, BF/A, BF/B, QQQX, SPXX, HEI, CY, BIF, JOF, USA, GGT, ASG, GF, JCE, CAF, BTO, APO, BGCP, OSB, CG, AB, TDF, SAMG, RCL, RCKY, NTB, FAF, FNF, BST, PRGTX, LGI), according to the PerfCharts on stockcharts.com;
If these securities continue to behave in this manner, I could see myself picking up some of them, after some more due diligence, of course. If everything is ‘kosher’, I wouldn’t mind picking up a little of all 24 listed (but, that’s just *me*!).
Please note there may be differences in symbols on different platforms.
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!