This past weekend was our 28th anniversary, so we drove up to Niagara Falls to celebrate. Had a great time, even went to one of the best Buffalo Wing places in Buffalo (La Nova, it was delicious).
April continues to be a struggle, I am down 4.1% for the month and up 7.3% for the year. I will admit that I am starting to get really bearish on the markets. I think on any rallies in May/June that I will be doing some selling. This thought/plan is my own opinion and as a reminder my ability to time the markets is horrible.
Here are my 15 largest holdings.
| Ticker | Allocation | Cumulative |
| JXN | 17.7% | 17.7% |
| DK | 6.2% | 24.0% |
| FRFHF | 5.9% | 29.9% |
| LQDA | 5.3% | 35.2% |
| ASLE | 5.3% | 40.6% |
| EGY | 4.7% | 45.3% |
| HROW | 4.5% | 49.7% |
| KGS | 4.2% | 54.0% |
| SNFCA | 3.6% | 57.6% |
| PDLB | 3.3% | 60.9% |
| SFL | 3.2% | 64.1% |
| WLFC | 3.1% | 67.2% |
| UNTC | 3.1% | 70.3% |
| CLMT | 2.8% | 73.1% |
| HG | 2.6% | 75.7% |
What will I sell? I think most non core positions. And likely a few shares of core positions.
- Some JXN
- In August my FRFHF
- Uncovered LQDA on any rally
- Uncovered DK
- Maybe my CLMT
- CDLX, JRVR and maybe my WLFC
Stay tuned.
Here are my 15 Best Ideas for 2024:
| Ticker | Start | Current | $ Gain | % Gain |
| ACR | 9.96 | 13.74 | $ 380 | 38.0% |
| AMPY | 6.05 | 7.46 | $ 233 | 23.3% |
| ASLE | 13.05 | 6.94 | $ (468) | -46.8% |
| BUR | 13.53 | 15.39 | $ 137 | 13.7% |
| CLMT | 17.18 | 15.52 | $ (97) | -9.7% |
| DK | 26.56 | 29.34 | $ 114 | 11.4% |
| FRFHF | 898.83 | 1,084.74 | $ 224 | 22.4% |
| HROW | 10.57 | 10.53 | $ (4) | -0.4% |
| IPI | 24.77 | 19.53 | $ (212) | -21.2% |
| LQDA | 11.77 | 12.53 | $ 65 | 6.5% |
| MPW | 4.92 | 4.51 | $ (83) | -8.3% |
| NMM | 28.50 | 44.71 | $ 569 | 56.9% |
| RITM-B | 23.54 | 24.29 | $ 70 | 7.0% |
| ROIV | 10.89 | 11.03 | $ 13 | 1.3% |
| UNTC | 65.30 | 39.00 | $ (39) | -3.9% |
| 6.0% |
You know who had a good month? My shipping portfolio. It continues to rock and roll. But I may also unplug it at the end of May (I’ll probably regret that move).
| Stock | Start | Current | Dividend | Change |
| CLCO | 11.32 | 10.96 | 0.00 | -3.2% |
| CMRE | 11.41 | 11.78 | 0.12 | 4.3% |
| DAC | 74.40 | 75.21 | 0.00 | 1.1% |
| NMM | 42.64 | 44.71 | 0.00 | 4.9% |
| TNP | 26.54 | 25.91 | 0.00 | -2.4% |
| Monthly Gain | 1.7% | |||
| Overall Gain | 29.1% |
Beer, Whiskey and Pizza Investing Club 
I went through all my names => if I went aggressive, I’d be selling about 33% of my portfolio. That would certainly be a lot of cash and position me very well should a down turn occur.
The flip side is that I looked at the tax implications, I have some pretty substantial gains in many of these names. So I would certainly be bumping my estimated tax payments.
We will see. Knowing me, I won’t be able to commit to a full follow through. But either way, I think it is proverbial “pen down” for me regarding any new purchases and I will certainly be selling at the margin as we approach summer.
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I think you are right to be careful right now. As far as timing is concerned I’m going to try to pay closer attention to Darren’s 4 factors to watch as well as Yardeni’s macro read.
I have been leaning into my divi payers to hopefully weather any potential storm..
I’ve got a number of names that are supposed to have some catalysts on the near horizon. Really would be nice to have a couple of those come thru.
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