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Post by johnsmith on Oct 15, 2022 10:54:02 GMT
The issue is not so much security as it is etiquette. And the individual in question has been advised of this before. A lion responds to bloody raw red meat, not cabbage.
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Post by bb2 on Oct 15, 2022 17:46:22 GMT
They're bond funds. TLT, PDI down a third sine the Fed began. PAXS a quarter. Question is: where are rates going from here? (Personally, too soon for me to be long price.)
I ask this about CEF bond investing, of which I understand little : Is this a reasonable statement?: CEF leverage and management give you the income you don't get with a TLT. And maybe a bit more in price/total return.
Also, it makes perfect sense to me that bond and stocks are down coming out of 13 years of zero funds rate and QE. I'm betting it's not over and that's without some swan.
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Post by yogibearbull on Oct 15, 2022 18:03:43 GMT
PAXS inception was 01/2022, and it has been falling since. Its cousins PDI and PDO have been falling since mid-2021. That is why their drawdowns are different.
Newer PDO (inception 01/2021) and PAXS have term-structures with 12-13.5 year lives. On termination/liquidation, their discounts would disappear. I guess there will be new members in this term-structure series every year, so in 01/2023, 01/2024, 01/2025, etc.
PDI has no term.
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