RE:RE:RE:RE:Dividend ReturnsThe managers make a good buck off the fund, it will most definitely renew in 2024.
Nothing wrong with setting a stoploss and adjusting as the price moves. As long as you are comfortable knowing that it will get hit eventually and it might spring back quickly leaving you behind and then you are chasing it back up. This is the downside of a stoploss.
Of course, if the selloff is worse you are protected.... as long as you know when to buy back in.... the trick that everyone would love to master!
Satman3 wrote: Agreed with Losinghope all the way
This DFN fund is specifically designed for those only seeking income and yields 15+% as a gifted opportunity. it's an inflation killer and helps ppl cope with keepimg up or beating inflation.
As long as you understand how this fund works and who it specifically designed for. As the fund writes call options and occasionally uses leverage to bring it a higher than normal yield. This is not a product to look for capital gains unless ofcouse we have a meltup of market by central banks, which IMO is here to stay (no other choice for elite). If one is seeking value and capital gain, i think they should instead look at ARKK funds under cathie wood innovation funds (example)
Now, lets be reasonable. It's a superior return vs. investing in enbridge (ENB) common shares which yield a 7% quarterly. It will get you further ahead then investing in ENB common shares. but be aware that DFN is up for renewal in 2024, which is renewal and you have 3 years left in this fund to invest. If you are hesitant or risk averse one thing you should look into is to adopt a regular 10% stoploss in the share price as a fail safe (think its good idea in a volatile world). You can also avg cost buying and add to this stock each month.
Think about it in this context.
On a related to stoploss. I'm trying to a daily NAV price chart/checker for DFN. It may be a good idea to even set a stop loss above NAV price for DFN so that you always get a monthly dividend!
Any help appreciated for NAV price daily checker/chart.
Any