just to correct this troll, the fund has a total return of around +5%/year, from its inception in 2003.
Dude seems to be very confused on closed end funds in general and Igy's strategies in particular.
Levered closed end funds are not my cup of tea, but they can be good investments when you buy them at a big discount to NAV. Which Igy may have done.
In fact, that's ALL some people do. Wait until a closed end fund is trading at a discount to NAV and then buy. Then sell when they get back close to NAV. It's an interesting way to trade that has some appeal.
LOL where did I mention total return? Nowhere. It’s market price has gone nowhere but down, and that is a fact, as is everything else I said about it. It has gone nowhere since Igy bought it, because it sucks, for many reasons. You aren’t buying it because you know it’s a levered negative eps failure in a dead segment, that has now reached the end of its rope and resorted to buybacks LOL
why in the world would you buy a levered closed end bond fund and not care about total return?
Why in the world would you ever only care about the return of the fund's price?
The fund pays a near 10% dividend. That's where the return will come from, balanced by declines in NAV. That's why you need to look at total return.
Another closed end fund that looks interesting is the Aberdeen Asia Pacific Income Fund (FAX). Very similar to EMD with emphasis on Asia. In the past the management team was in Australia, unsure if that has changed.
Another closed end fund that looks interesting is the Aberdeen Asia Pacific Income Fund (FAX). Very similar to EMD with emphasis on Asia. In the past the management team was in Australia, unsure if that has changed.
Still managed by Aussie team. CEF trading at lowest level since 1992.
LOL where did I mention total return? Nowhere. It’s market price has gone nowhere but down, and that is a fact, as is everything else I said about it. It has gone nowhere since Igy bought it, because it sucks, for many reasons. You aren’t buying it because you know it’s a levered negative eps failure in a dead segment, that has now reached the end of its rope and resorted to buybacks LOL
why in the world would you buy a levered closed end bond fund and not care about total return?
Why in the world would you ever only care about the return of the fund's price?
The fund pays a near 10% dividend. That's where the return will come from, balanced by declines in NAV. That's why you need to look at total return.
What the heck are you thinking? Serious question.
LOL you make it sound like a discount is inevitable. It isn’t. There is such a thing as a premium, in good funds, which this isn’t. Its distribution even at market is less than its current discount, and at nav it is way below discount. YTD return at nav worse than -18%, at market worse than -24%.
Answer the question! You have no reason other than hopium why these numbers won’t get worse, or why distributions will even cover discount. The fund managers have no answer either—hence, buybacks.
You are BOTH really bad at this. You guys need to learn how to admit failure LOL
Don't know about anybody else, but I haven't read anything from you that's been remotely useful OR interesting. My challenge to you, should you choose to accept it... write something either constructive OR interesting. Either one will do.
one of the hard parts of active investing is recognizing when your portfolio is garbage.
I've heard stories of established hedge fund portfolio managers, with solid long-term records, recognizing that their portfolio is just wrong for the time. They might then sell everything and start over. Everything.
We might be exiting a 12-year run of massive outperformance from tech. Maybe. At some point investors may decide that they can get better returns from value names.
If your portfolio is techy and keeps sinking....might want to think about diversifying.
LOL I couldn’t care less if you’re not interested in my blah blah blah...
LOL
Somebody wake me up when LOL's posts start to generate interesting discussion.
LOL
LOL apparently you have no answer either...and this time you can’t legitimately claim to not know the question, because that would mean you didn’t read my posts, which would make your comment nothing more than baseless disparagement. LOL
The market goes up always ... eventually. Quit complaining because you were enjoying very much when the market was doing great. Just give it time. You are, or should be, here for the long term. Probably by the end of the year the market will have rebounded nicely.
The market goes up always ... eventually. Quit complaining because you were enjoying very much when the market was doing great. Just give it time. You are, or should be, here for the long term. Probably by the end of the year the market will have rebounded nicely.
I’ll take the other side, but I am hoping for a rally. I will be re-accumulating short ETFs on any move up in markets. Still targeting 3,400 short term, and 2,200 in the fall.
The market goes up always ... eventually. Quit complaining because you were enjoying very much when the market was doing great. Just give it time. You are, or should be, here for the long term. Probably by the end of the year the market will have rebounded nicely.
Only a fool believes equity investments will always pay off eventually.
The market goes up always ... eventually. Quit complaining because you were enjoying very much when the market was doing great. Just give it time. You are, or should be, here for the long term. Probably by the end of the year the market will have rebounded nicely.
Only a fool believes equity investments will always pay off eventually.