It’s not really JNK. It’s a placeholder for specific corporate bonds that I owned because I was too lazy to record individual positions in my tracker.
I had various bonds but moved over to bond ETFs as individual bonds were too much of a hassle to manage. Coinbase (now sold) and MPW were the last 2 that remained.
With coinbase I was getting 27% YTM. With MPW, I can’t remember, but double digit YTM and yield has fallen from double digits to single digits so quite some capital gains already accrued.
The 2026 and 2027 MPW bonds will mature and go into my Pillar 2 voluntary contributions.
EDIT: I just looked up the Coinbase bonds. It has a 3.375% coupon. I paid under 55 cents on the dollar for the bonds in 2022, so was getting >6% yield. The bonds are now worth 89.67 cents on the dollar. You do the math. IMO, it was a no-brainer purchase. Checking the chart, for once, I manage to nail the trough, buying in late November 2022.
Oh. I was going to buy SLV, then decided not to and now changed my mind at the last minute and bought. So get ready for some crazy price action on silver. You heard it here first!
I saw this coming and watched a double in 25 days sail by. I’m officially tilted.
I saw this just as I was going to sleep and it enraged me so much I had to get up and come down to the computer just to vent! Thanks for your attention!
I have a question: would it be better to buy British American Tobacco as an ADR (BTI symbol) or on the LSE (BATS symbol)?
Are there extra fees? Is there a difference in withholding on dividends?
I own BTI as an ADR but if I could go back I’d probably go the BATS route, but I haven’t done the research to back this.
I think the home market is always the most liquid market giving you the fairest price at time of execution (though you’d have have to look up how much is actually listed in each place).
Further, surely the company doing the listing and dividend processing work for the ADR take a cut for their work … tiny, but still.
Potential disadvantage with BATS if you’re mostly a US dollar investor (like me): you’ll have to manually convert your GBP dividends to USD at your broker and I mostly hope that with receiving the dividends in USD through the ADR I get more favorable exchange rates. Maybe that’s not true at all.
If you further invest in GPB or convert to CHF for consumption, this shouldn’t be an issue.
Maybe the stockpickers with GB background can shed more light on this.
But two days in a row, I forgot and the markets closed by the time I remembered. This morning, I remembered, but markets were not yet open and I had a full day meeting. I got back to my desk and the stock is now up 20% today. Grrr.
Indeed I own PFE (half a position per my definition), but I’d call it a pure income position as (earnings) growth has essentially been flat over the past couple of decades.
“Am Donnerstag geht die Talfahrt für die Aktie weiter. Super Micro läuft nun Gefahr, von der Nasdaq dekotiert zu werden, und hat bis zum 16. November Zeit, um die Konformität mit der Börse wiederherzustellen.”
I’ve been wondering about Boeing. They’re hammered, for good reason, but it’s really a duopoly in airplane manufacturing. I think the US govt doesn’t and won’t allow it to die, I’d sure hope they sort their scheisse out, so it could be a bargain?
Haven’t done any research at all, this is just musing.
An American acquaintance said to me “That’s what you get when you take a company ran by the best engineers, the jewel of US aerospace, and turn it over to the bean counters”.
I’m waiting to see if it gets de-listed. If so, many will be forced to sell it. That could create a nice entry point. (assuming it doesn’t fold as a result of this).
I think you’d need to check the debt situation and bank covenants - I expect the company expanded significantly since I last looked at it and the most important thing is whether it can continue to operate if it defaults on bank covenants.
Let’s see, given the way in which their auditor resigned, it will be interesting to see who is brave enough to take on the task. I don’t see any way they can get their accounts signed off by the end of November and they need them for their loans - so let’s see if the bank extends the deadline.
By reading and partipating to this forum, you confirm you have read and agree with the disclaimer presented on http://www.mustachianpost.com/
En lisant et participant à ce forum, tu confirmes avoir lu et être d'accord avec l'avis de dégagement de responsabilité présenté sur http://www.mustachianpost.com/fr/
Durch das Lesen und die Teilnahme an diesem Forum bestätigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.
