September 5, 2019. We bought HYHG late last year and it has steadily dropped. It is down 3.4% but if you add in dividends received, we have a Total Return which is barely positive. (We got a dividend payment two days ago.) This is dead money and it is time to SELL.
Yesterday we bought AFINP ‘on sale’ and this should give us much better results.
Everyone is talking about a recession. A local bank President told us that recession was all the talk at their recent meeting. Based on what we are reading, this is a strong possibility. We continue holding all positions in the Core Portfolio, at least for now. Having lived thru the very bad 2007-08 recession, will are not hesitant to sell everything if markets start to fall apart.
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