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Bond Port Update
Its been a couple of months, so here goes. The port is now at $92mm. Sitting on no cash.
Mr. Binns, I don't see how you do this over and over. Its getting old. I did a complete review of the portfolio today and found a couple errors (long and short, oops) and a few that I had missed. I guess when the port gets to over 100 positions, that's to be expected. Due to this, I developed a new process using Kaigee's site.
The new process is to sort both the port and Kaigee alphabetically, and just go through the port to see if I own everything I should, and find some that I missed. It was actually quicker than I thought it would be. I have a minimum dROI in mind and if I found one that I didn't own, I bought/shorted it.
I really don't like to own a ton of 'penny' bonds. They are a pain in the butt and while the ROI might be nice, they don't take up much capital, which is what I'm looking for now. That will continue to be the case as the port grows. I owned JPHOE for quite a while, but IHUPP right now? No thanks.
Things I have been doing to keep ahead of the curve are to buy bonds that I couldn't afford immediately post-adjust, even if they are a few weeks out. Bonds tend to move the most, and consistently, leading up to adjust. Another pain in the butt is keeping up with bonds that get detached from a movie stock. I found a number of them today in my review. I just miss the detachment and end up owning a few bonds for no reason.
The last few months, the performance has been about +$10mm per month, so it looks like $110mm year end is doable. I'm shooting for $120mm (maybe by the port's anniversary, January 17). We shall see.
Bond Port Update Oct 30, 22:24
Good luck. {nm} Oct 31, 08:04
I started a "bond" port several years ago...but it was always so hard to keep up (for me) Oct 31, 10:57
The biggest help came from another player who gifted me a spread sheet. This was after the demise of one of the Nov 01, 08:02
Early January is great for bonds so you'll have a better year than if it was Jan1-jan1. I think 120 is doable. {nm} Nov 01, 08:08