Subject: Re: OT- Howard Marks new memo
Howard Marks advocates for a notable enhancement in credit allocation, but how can this be implemented practically?
Purchasing preferred stocks might not be a viable option, considering their current 7% yield. Furthermore, The perpetual characteristic of this instrument might make it less appealing as you lock in funds indefinitely.
Regarding bond funds, intermediate ones are currently yielding approximately 6% for investment-grade corporate bonds. Does not seem like that is a great idea either
Any insights on strategies to amplify your credit allocation?