Market Update: 06-24-19

The Issachar Fund is fully invested in Muni Bonds with a small allocation in Preferreds.  I continue to see money flowing into the muni bond space as investors seeking yield find a place to rest.  Munis have been trending higher at a low double-digit annualized yield since the beginning of November with low drawdowns.  I have my...

Market Update: 06-17-19

The Issachar Fund is fully invested in Muni Bonds with a small allocation to Preferreds.  My conviction level in munis remains high with a moderate level of conviction in Preferred Stock ETFs.  Preferred stocks entitle the shareholder to a fixed dividend, whose payment takes priority over that of common-stock dividends.  Preferred...

Market Update: 06-11-19

The Issachar Fund is 195% invested with 70% in Muni Bond Mutual Funds, 123% in Muni ETFs and 2% in stocks.  My conviction level in muni bonds increased so I added to our muni exposure via Total Return Swaps.  We have a Total Return Swap agreement with a bank that charges us interest to buy the ETF in their account and we make or...

Market Update: 06-03-19

The Issachar Fund holds 165% in Muni Bond Mutual Funds (70%) and ETFs (95%).  I purchased more municipal (muni) bond ETFs last week due to the accelerated price slope I am seeing in the muni space and the continued price deterioration exhibited in the stock market.  We are using leverage because I feel the potential gain from a continued...

Market Update: 05-28-19

The Issachar Fund holds 115% in Muni Bond Mutual Funds (70%) and ETFs (45%).  The stock market peaked on October 3rd and High Yield Muni Bonds bottomed on October 10th and they have been trending higher (double-digit annualized rates) ever since.  Maybe the bond market was predicting that if the Fed raised rates like they indicated, the...

Market Update: 05-20-19

The Fund holds 15% in Muni Bond ETFs and 85% in Cash.  I like what I am seeing in the muni bond space, especially high yield muni bond ETFs and mutual funds.  I added two muni ETFs as a starter position with plans to possibly add more if things work out the way I anticipate.  I typically “test the waters” with small positions...