PTY & PFL: Looking For Yields In All The Wrong Places

Summary

  • PIMCO closed end funds continue to struggle against macro forces.
  • PTY and PFL went lower since our last article and vindicated our decision to stay out.
  • We analyze the setup today and tell you if a change in rating is warranted.
  • Looking for a helping hand in the market? Members of Conservative Income Portfolio get exclusive ideas and guidance to navigate any climate. Learn More »
Lego Darth Vader versus Luke Skywalker

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Consistency is the key to delivering a good message. Anyone who has read our work over the last two years knows that we gave a clear and consistent message on the PIMCO closed end funds. While there are several clone funds in

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High Valuations have distorted the investing landscape and investors are poised for exceptionally low forward returns. Using cash secured puts and covered calls to harvest income off value income stocks is the best way forward. We "lock-in" high yields when volatility is high and capture multiple years of dividends in advance to reach the goal of producing 7-9% yields with the lowest volatility.

Preferred Stock Trader is Comanager of Conservative Income Portfolio and shares research and resources with author. He manages our fixed income side looking for opportunistic investments with 12% plus potential returns. 

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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