EMD Added to SMA Portfolio
As mentioned in the previous post regarding the opportunity in closed-end funds [link], a position was taken in the Western Asset Emerging Markets Income Fund (EMD). The purchase price was $11.68. EMD currently represents 9.7% of the SMA Portfolio.
I’m also attempting to establish a position in the Strategic Global Income Fund (SGL) with the bulk of the cash balance remaining in the portfolio.
Disclaimer: It is challenging to outperform a buy and hold strategy. Many investors have found themselves well served over long time horizons by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.
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