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My Income Portfolio - Now Ready For 2015 And Beyond

About a month ago I wrote an article documenting some of the changes I was making to the income portfolio I manage, essentially getting it prepared for some trends I expect to see in 2015. That article can be found here.

Over the last two months, I totally revamped the bond portion of the portfolio. The changes are listed below.

  • Bond CEFs, many of which use leverage, are likely to take a hit when interest rates rise and have been jettisoned
  • To mitigate risk, junk bond funds have been sold also.
  • One bond mutual fund remains, RiverNorth/DoubleLine Strategic Income (RNDLX). This is a fund I've held for a long time and really like. It follows a flexible, three pronged income strategy- Tactical Closed-End Income Fund Strategy / Opportunistic Income / Core Fixed Income Strategy. About 50% of the fund is managed by bond guru Jeffrey Gundlach of DoubleLine. The