MCIM "buy list" shrinks to just 10 Issues. IGVSI up 13% vs. S & P 6% in 2016.
Sector List Shrinks:
Agricultural Chemicals, Airlines, Apparel, Asset Management, HR & Employment, Farm & Contruction Machinery, Food Processing, Home Furnishings, Insurances, Meat & Food Products & Packaging, Minerals & Mining, Money Center Banks, Office Supplies, Railroads, Textiles,
NOTE: No Energy Producers; No Gas or Electric Utilities
The Bargain Stock Monitor is one of three market statistics used as performance expectation analyzers for MCIM Portfolios.
It is developed from the Month End Value Stock Watchlist screening program and identifies Investment Grade Value Stocks trading at least 15% below their 52-week high.
Candidates must also meet the price selection criteria outlined in The Brainwashing Of The American Investor.
The "15% down" break-point allows you to keep your eye on "Bull Pen" items.
The fewer IGVSI equities at bargain prices, the stronger the market as "Smart Cash" accumulates in MCIM portfolios.
NOTE: If you haven't been taking profits on nearly everything you purchased in 2016, you haven't been paying attention!
You should be using market volatility to capture all reasonable profits... it pays to reinvest slowly and selectively
Opportunities to put "Smart Cash" back to work are slim in such a "pricey" market, barely below the July 22 ATH. Although the "correction" has ended, the 7/22 ATH represents a meager 2% rise in the S & P over the past 14 months. The WCMSI (Index of Income Closed End Funds) gained 12% during the same period.
A 50% IGVSI, 50% Income CEF portfolio should logically have gained at least 4.3%... while generating roughly 6% in spendable income. Yes, a partly "realized" total return in excess of 10%.
ACTION ALERT: Profits are available in both tax free and taxable CEFs; both are just 10% below ATH levels. Tax free yields above 6% are scarce; taxable yields remain historically high. Both are gaining market value while the stock market wavers, in spite of anticipated higher interest rates.
Don't avoid taking CEF profits. Call "the doctor" if you don't know how to reinvest advantageously.
What's that all about? Check your copy of "Brainwashing" or contact Steve at the number provided below.
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