RMM: With Modest Returns And High Expenses, I'll Continue To Pass

This article evaluates the RiverNorth Managed Duration Muni Inc Fd (NYSE:RMM) as an investment option, written by a macro-focused investor with 15 years of experience in financial services. The author specializes in finding undervalued sectors and thematic ideas, and invests in the funds, stocks, and sectors they write about. The author also contributes to the investing group CEF/ETF Income Laboratory, which focuses on managed income portfolios targeting safe and reliable ~8% yields.

Analysis

This article serves as a preamble to a forthcoming evaluation of the RiverNorth Managed Duration Muni Inc Fd (RMM), primarily detailing the author's background and investment philosophy rather than the fund analysis itself. The author, a macro-focused investor with 15 years in financial services, highlights a strategy centered on undervalued sectors and thematic investments, including metals, gold, and crypto. Their disclosed personal portfolio includes broad market ETFs (DIA, VOO), sector-specific ETFs (XLE, VPU), alternatives (IAU, Bitcoin), individual stocks (JPM, WMT), and debt instruments such as BGT and municipal bonds, indicating experience relevant to RMM's asset class. The author also contributes to CEF/ETF Income Laboratory, an investing group that targets approximately 8% yields through managed income portfolios utilizing CEFs and ETFs, with an emphasis on monthly-paying instruments. Importantly, the author confirms no current financial interest in the mentioned securities and no plans to initiate positions imminently, with the analysis presented as their independent opinion.

Key Decisions for Investors

• Investors seeking insights on RiverNorth Managed Duration Muni Inc Fd (RMM) should anticipate the subsequent, detailed analysis from this author, as the current article primarily establishes their credentials and intent.
• Consider the author's stated focus on undervalued sectors, thematic investing, and high-yield income generation (targeting ~8% via CEF/ETF Income Laboratory) when assessing the forthcoming RMM evaluation for alignment with individual investment objectives.
• Review the author's disclosed investment holdings, particularly their exposure to municipal bonds and other debt instruments, and their general investment approach to contextualize their perspective in the upcoming RMM analysis.