Weekly Series: mREIT And BDC Recommendations (And Price Targets) As Of 11/03/2024
Hi subscribers.
We aim to retain the same layout from week to week.
Weekly Notes From Colorado Wealth Management Fund
Positions: No trades placed.
Considering closing out more fixed-rate preferred share and/or baby bond positions due to the rise in Treasury yields.
Due to the Treasury yield movements and the rally in residential REITs over the prior months, I was also considering reducing my allocation in Camden Property Trust (CPT). However, it took a bit of a hit recently (as did many REITs). Now I’m a bit torn on that one. I’ll have to check the charts again and evaluate it.
I will probably close my tiny position in Schwab (SCHW). We bought shares a few years ago when there was a panic over regional banks. Those shares delivered a return a bit greater than 51%. I don’t consider myself an expert on Schwab. We simply saw the panic and wanted to buy a good business at a cheap price.
Commentary: Cash (Treasury bill ETFs) position increased to 19.75%. Continuing to get defensive as credit spreads are very thin and Treasury yields are running higher. The Treasury Bill ETFs have duration of only a few months or less, so they are strongly insulated from prices changing due to a swing in yields.
Bonus Commentary: This section will only appear on the website and in the email sent from our website. In other words, it won’t be included on Seeking Alpha because I’m not allowed to post it directly onto the Seeking Alpha servers.
I’m pleased to announce that we are planning an upgrade to the way our sheets and website work together. This should feel very natural for readers. The goal is simple. Readers should be able to:
- Click a ticker within our Google sheets.
- Get a chronological list of the articles we wrote on that ticker.
- Click any article to access it.
That’s it. Nice and easy. If someone doesn’t remember this, everything still works the same as before. They’ll just wonder why the tickers in the sheet may turn blue (hyperlinks).
