YMBC - High Yield Portfolios - Q1 2016 Review

The YMBC (You Must Be Crazy) High Yield Portfolio utilizes primarily UBS leveraged 2x ETNs in order to formulate an easily managed, very high yield portfolio. The YMBC(i) (You Must Be Crazy -individual, or if you prefer You Must Be a Crazy Individual) High Yield Portfolio is similar, however it utilizes non-leveraged positions in individual equities instead of 2x leveraged ETNs. The 2014 review article, includes an explanation of the goals, characteristics, and a risk analysis of the YMBC portfolio. The 2015 review article contains more information regarding the downdraft experienced during that year, and introduces the YMBC(i) portfolio.
For this update it is assumed the reader has already read both articles and is familiar with the goals and characteristics of these portfolios, as well as the inherent risk involved with these largely small cap, high yield positions.
I forgot to take a snapshot of exactly where we started the year but on February 11th, when I published my last article the YMBC portfolio was invested as follows:
17% UBS ETRACS 2X Leveraged Long Wells Fargo Business Development Company ETN (NYSEARCA: BDCL) 15% UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (MORL) 14% UBS ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN (DVHL) UBS ETRACS Monthly Pay 2x Leveraged S&P Dividend ETN (NYSEARCA: SDYL) 19% ETRACS Monthly Pay 2xLeveraged U.S. Small Cap High Dividend ETN (NYSEARCA: SMHD) 4% Yorkville High Income MLP ETF (NYSEARCA: YMLP) 7% (new... Read more