Post by
flamingogold on Apr 25, 2024 10:15am
Taking my capital gains off the table
I'll miss miss the distribution, but was sitting on some decent capital gains here in a very short time. Today's economic number was a surprise. Maybe it blows over tomorrow but the gains were north of 2 months of distributions. The pendulum has now swung to the other side as the premium shoots up. Will reload if it dips back under $5 without the premium.
Comment by
ABP123 on Apr 25, 2024 3:33pm
I don't blame you. A Bird In The Hand..... I think the snap back is more hope than a strategy today. Next week's Fed meeting will be interesting. Until then hope will probably win.
Comment by
flamingogold on Apr 25, 2024 3:55pm
In hindsight, I sold a little too early but the bottom line my account now has 2.5 months worth of distributions by just holding a few days so can't complain. I think it will revisit the 4's again soon and I can wait without worry. Meanwhile, I've already moved the proceeds back to money market at 4.55%.