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Post by johnsmith on Apr 20, 2023 12:06:23 GMT
NAV - 17.27 M. Price - 17.36
PAXS at -6% discount.
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Post by uncleharley on Apr 20, 2023 13:20:38 GMT
WOW!!!!! How did that happen. Did they do some creative marking to market???
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Post by uncleharley on Apr 20, 2023 13:23:57 GMT
Never mind. I just looked at PDIs daily chart.
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Post by uncleharley on Apr 20, 2023 14:35:30 GMT
The weekly price chart for PDI indicates that the price may be going to $15.00 or so. PDO looks less vulnerable at this time.
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Post by johnsmith on Apr 20, 2023 15:13:59 GMT
The weekly price chart for PDI indicates that the price may be going to $15.00 or so. PDO looks less vulnerable at this time. Thanks. I hope so. |
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Post by steelpony10 on Apr 20, 2023 18:21:49 GMT
When a premium (or PE) is high no one bites.
When a CEF (or equity) tanks no one bites.
Inflation, rising rates and the bogeyman (recession) etc.. This looks like the herd has gathered around this one. It’s to good to be true. They’re going to cut the distribution down to 12%!
The value will go down 20% more. 72/12= 6 years, 72/15=4.8 years. How about CLM, CRF the highest Ponzi schemes out there working since the 1980’s, 72/19=3.8 years.
Anyone who wants value gains stay away from bonds. Wait until near the end of this decade when equities are overvalued or due for a correction.
Greed is good.
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Post by Chahta on Apr 20, 2023 18:48:56 GMT
When a premium (or PE) is high no one bites. When a CEF (or equity) tanks no one bites. Inflation, rising rates and the bogeyman (recession) etc.. This looks like the herd has gathered around this one. It’s to good to be true. They’re going to cut the distribution down to 12%! The value will go down 20% more. 72/12= 6 years, 72/15=4.8 years. How about CLM, CRF the highest Ponzi schemes out there working since the 1980’s, 72/19=3.8 years. Anyone who wants value gains stay away from bonds. Wait until near the end of this decade when equities are overvalued or due for a correction. Greed is good. Hey steelpony10, I am not sure the "rule of 72" applies to a holding that declines (or increases for that matter). It is an approximation of the time frame for how long compounded interest takes to double an investment. If for instance PDI stayed at $18 for 6 years then 12% yield would double your money, as long as the yield was not changed. |
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Post by steelpony10 on Apr 20, 2023 19:40:27 GMT
Chahta , Yah that’s compounded if everything stays the same. Our muni at 2.6-3.4% took 24 years to double. My dads SS didn’t even double after 35 years. Times a wastin. Everything has flaws and who knows what’s going to happen. One has to commit to something and quit hemming and hawing.45% of our portfolio sends monthly income that averages about a 12% distribution now so I’ll add to that. 55% of our portfolio averages about 3% yields. There are no “values” to live on. Complete ignorance gives me freedom to make what looks like easy choices. 😂
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