Below is the new Investment Quiver for the Huygens portfolio. Note the 8.17% yield. Remember that the primary goal for this portfolio is to generate an income of 8.0% or higher. There is another $5,000 to invest this morning after the market opens. Putting that cash to work will push the yield higher.
Included in this interim review is the Tranche Momentum worksheet from the Kipling portfolio. Three screens are used to populate this portfolio and they are as follows:
- Seek closed end funds that are generating a yield of 7.5% or higher. Eight percent and higher is preferred as the goal is to generate a total yield of 8.0% or higher.
- Select CEFs that are priced below their Net Asset Value (NAV). If you need help with #1 and #2, post a comment in the space provided below.
- When possible, select CEFs that show up as a Buy using the Kipling worksheet. A sample worksheet is displayed below.
The following Manual Risk Adjustment worksheet is displayed primarily so readers can see what percentage each of the CEFs or securities occupy. The percentage is found in the third column from the right.
Below is the current performance data over the past year. The Investment Quiver was changed in an effort to improve the performance of Huygens. Thus far the change is working, but it is much too early to draw any conclusions. It will be at least a year until we have a clue if this change is making a difference.
This is an early version of the Huygens Risk Ratio data. Give this table a few more months before we infer improvement or disappointment. Right now the slope (0.98) for the Jensen Alpha curve looks promising.
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