I notice people often take shots at other's comments by saying something to the effect of, "Do you even have an interest in the outcome or are you just here to Pump/Trash the stock?"
I'm not a professional money manager, by any standard, I've just nurtured an interest in markets over time. A lot of my work has not had a 401k attached so its been more than a passing interest. Below is my version of A Darren McCammon/GGjr YMBC mashup - "You Must Be Crazy"
https://seekingalpha.com/article/3240626-ymbc-q2-2015-review-a-foolishly-high-yield-portfolio
seekingalpha.com/user/5088811/instablog
I learned a painful lesson in the dot.com crash and have tried to blend current income with the possibility of price appreciation - emphasis on the first part. If the bonds come up to Par I tend to redeploy some of the initial principal invested if I can find something better.
This is my *Tiny* experimental portfolio but it is real funds committed. Most of my retirement money is in painfully conventional index funds.
| Issue | current price | Amount (par amount for bonds) | Purchase price | ||||
| MORL | 17.978 | 180 | $19.80 | -$357.91 | -9.96% | $3,236.04 | |
| JDST Jan 15 '16 $6 Call | 3.00 | -2 | $3.35 | $53.45 | 7.79% | -$600.00 | |
| JDST | 7.7787 | 200 | $7.2285 | $90.06 | 6.14% | $1,555.74 | |
| BDCL | 21.07 | 100 | $21.21 | -$24.39 | -1.14% | $2,107.00 | |
| TXU 10.5% 11/2016 | 882330AH6 | 12.00 | 10,000 | $17.20 | -$519.62 | -30.22% | $1,200.00 |
| Ipayment holdings 15% 11/2018 | 46263YAF7 | 77.9999 | 3,414.4125 | $33.83 | $1,508.24 | 130.58% | $2,663.24 |
| Harrah's Oper. Inc. 10% 12/2018 | 413627BM1 | 27.95 | 1,000 | $26.12 | $18.25 | 6.99% | $279.50 |
| Alion Science & Tech. 15.25% 2/2020 | 016275AN9 | 97.00 | 3,261 | $ 72.00 | $3,163.17 | -- | $3,163.17 |
The JDST + Call is my attempt to run a covered call position. I hope to have no money into the trade by my next round of rolling the position out to the Jan 2017 calls.
I came here to learn & have had some great experiences with the comments as well as the articles. Enjoy picking this apart
I'm an individual investor and explicitly not making recommendations to anyone