Friday, March 30, 2012

Selling Fixed Income, Again

Today I finished selling Alpine Total Dynamic Dividend Fund (AOD) and American Capital Agency Corp (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.

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