Subject: Re: Industry momentum

I don't agree 100% with this. I find it easy to beat the fixed income market using preferred stocks, and closed end bond funds.


Would you be willing to share any links and/or a summary on what you do with those? I've also dabbled a bit in preferred stock ETF's, but don't always feel like the risk I'm taking is necessarily compensated with the reward.

Appreciate the counter-argument (I try to be open!) that both you and Jim make in terms of finding an edge. Like a few others have mentioned, I'm just dealing with losing to SPY right now (and have been for a while), so it's that much easier to question whether I've just been lucky when I did manage to beat the market!

Really appreciate the insights and commentary I've learned from the members of this board over the years!


Lee