RE:RE:RE:Thank you for the update MousermanMy average LFE buy in is now@ about $4.45 and I am more bullish on the lifecos than banks or funds like DFN ..The fundamentals for the lifecos were very poor with the near 0 interest rates for so long, but that changed very quickly with the record speed interest rate hikes. Now the premiums they collect are making big money when invested in high yielding preferreds and bonds... So LFE has doubled ( from $2.40 range) since OCTOBER and is now paying to commons , while DFN dropped and missed paying to commons in the that same time frame.
One cannot look at the past to guarantee future winners. I try to never buy at a premium, and never sell at a discount. Has worked well for me. LCS was my biggest holding for quite a while, going back 18 months. Was the easiest to buy at a discount and sell at a premium. Capital gains were awesome, even tho many believe it is too illiquid to trade. More split funds now trading at discounts, FTN and FFN are both at a discount after paying out Distributions. And they have a bigger safety cushion than LFE..