โMany issues are callable, meaning companies can redeem them if rates fall, forcing investors to reinvest at lower yields. Then you got to worry about credit, you got to worry about sector concentration. They work best as more of a supplemental income tool, not really a core holding. It's ideal for those investors who are seeking yield while taking a moderate risk.โ
โThe GDX hit the lowest level today since early January. So even with this large pullback, it's actually still up on the year. And it's approaching levels where you saw the peak back in October... Mid-80s is where you wanna pick up GDX or the subsequent miners within it, if you feel you need to up your position in precious metals.โ
Supply risks threaten Middle Eastern fertilizer production
โThe components that are making up fertilizer, a lot of that comes from the Middle East and passes through the Strait of Hormuz. I have heard stories, been talking to people, farmers who are already worried about the cost of fertilizer. And it's not just a cost thing; at a certain point, it becomes less about how much you have to pay, and if you'll be able to pay at all.โ
Roll tax-deferred accounts into traditional IRAs first
โThe better course of action for the vast majority of people is to roll that old 403B or 401K into a traditional IRA. No tax consequences, opens you up to as many investment options pretty much as you want. And then at a future date, then you could roll it over into a Roth IRA, typically in the time between retiring and taking social security.โ
Bitcoin exhibits bearish momentum after failing resistance
โI've been saying this for better part of six months now that Bitcoin was losing momentum and its chart was starting to look a bit bearish, especially when it couldn't break out above the 120, 125 range. It hit that range a few times and just died rather quickly. And when you see that happening, I've looked at charts for 25-plus years now.โ