In the interest of full disclosure ---- I have decided to sell my positions in Annaly Capital Management (NLY) and Junk Bond ETF (JNK).
I use these to "park" cash --- and as such have very substantial positions. They both have very nice short term (fully taxed) gains. And while they provide substantial positive cash flow they also come with a high degree of risk.
It "appears" that the FED is readying the market for their inevitable exit from QE (easing) of interest rates... and I want to be AHEAD of that game. When you couple the usual "sell in May and go away" --- and the possible -- note possible -- reduced FED QE this summer.... I want to trade when I want to and lock in a nice gain.
If it doesn't work out --- I'll re-buy these at some point down the road. I've used them for a long time and they've been very good places to park and make a return.
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