I am a computer software consultant and a University Professor. I am interested in numerical prediction and simulation of scientific phenomena, developing and studying computer algorithms and constructing computer imaging software systems.
I am at least a part-time investor with a strong interest in developing investment strategies for generating aggressive income over five to ten year time intervals. I am devoting more time and effort to investing and portfolio development.
In 2015 I spent a lot of time learning about mREITs. I am left feeling they are almost as much a waste of IQ and education as doing my US taxes. I am trying to open an account with Interactive Brokers with the idea that I can do better than an MREIT..if I get 1.5% margin interest, not 6.5% to 8%
Luckily I was mostly a successful trader of mREITs and not a buy and hold guy. I did experience failure in bottom picking later in 2015 but noticed math genius, bond guru Jeff Gundlach seemed to get fooled worse in his "it's now safe to buy NLY" call in mid 2015.
I had an up year holding mostly build america bond CEF's NBB, & BBN. BUT I would have had the same money Feb 1 as Dec 31, 2015 if I sold everything Feb 1, as these CEF's fell about 11% into the summer before rebounding somewhat into year end.
I then fought to make it all back with mREIT Orchid Island ORC on a Scott Kennedy call. And some bottom fishing with MORL and CEFL...even using some margin.
So now I have a big tax bill on all the income I received when I could have sold FEB 1 with mostly long term capital gains taxed at only 15%.
Plus my margin interest of over $6k is LESS than the "standard deduction"...so I lose on that with no other deductible interest to add.
I ended 2015 holding about 90% cash. I expect stocks to be weak. I am looking for an entry point in High Yield funds with low commodity exposure. I am also interested in Muni's and BAB CEF's...But I enter January 2016 watching for some Puerto Rico effects on Muni's after their recent rally...& BAB's (tax free munis) trade similarly. I also like preferred stock CEF's but they can selloff with either stocks or bonds so I am looking for a better entry point. Midstream MLP's look interesting but have just had a furious Dec rally to the downtrend and may weaken with more bad oil sentiment.
There is a mortgage CEF I used to own that I like again. It yields over 6% but I need to update on the bid ask spread and general liquidity..
Bond rates are still weighed down by low yields in EU and Japan, and many other issues you can read about at sites like Kessler and Hoisington Investments but possibly we will get short term rise in yields due to weak foreign buying of Treasuries as in the December auctions.
This is a 'note to self' but if anyone reads it, feel free to msg me.
Ive been investing in stocks and mutual funds since 2005 on a personal level. I occasionally read books on investing. I am focused on Dividend Growth investing with a few high yield REITs to spice things up.