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High Yield Income Investing
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Short term incomeDue to the nature of the Income Investing board having changed to political discussion, I post here. Rather than storing money with an online savings bank yielding 1%, I thought of adding to my currently held positions of PGF (Invesco preferred financial) or PHT. Pioneer High Income is trading at a 10% duscount to NAV, with about 60+ % of its bonds rated above B. DIVS have remained steady. PGF has a 4+% yield and holds preferred shares of banks. I also hold a fair amount of SPFF, which is similar to PGF, both have had decreasing divs, SPFF yields over 6%, prices in both SPFF and PGF appear to be hikding for now. The money I have to invest here are for funds I will eventually buy stock with, given the "right" time. I want to minimize any loss of principal, which is why my first choice was the online savings account I have yielding 1%. But getting a yield of 4+% or 10%, monthly divs from stocks whose prices have apparently bottomed out is appealing. Can PGF and PHT be viewed as minimally risky (with respect to loss of principal?) I place limit orders on bhy orders, si I wiyld be giving myself a cushion. (Riskier choice in mind is ETV, but I already have a good amount.) |
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Msg # | Subject | Author | Recs | Date Posted |
23106 | Re: Short term income | InspectorBudget | 0 | 7/31/2020 12:08:49 PM |
23107 | Re: Short term income | bloodbankbob | 0 | 7/31/2020 1:23:41 PM |