Alex Filonov's  Instablog

Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Selling Fixed Income, Again 0 comments
    Mar 30, 2012 8:28 PM | about stocks: AOD, AGNC

    Today I finished selling Alpine Total Dynamic Dividend Fund (NYSE:AOD) and American Capital Agency Corp (NASDAQ:AGNC). AGNC is an mREIT, and I think mREITs are not good for investment right now. AOD strategy doesn't work good in rising market.

    First phase of reducing fixed income is finished. I still have several CEFs invested in muni bonds in my portfolio. I will sell them when I need extra cash. Currrently I have plenty of cash waiting for better investment, so no hurry here.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I have long positions in muni CEFs: BTA, CEV, MZF, NMO. Positions can change any time.

    Stocks: AOD, AGNC
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