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Pimco New York Municipal Income Fund III V.PYN


Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.


NYSE:PYN - Post by User

Comment by YourNadiron Mar 22, 2011 12:30am
532 Views
Post# 18319914

RE: to early retirement?

RE: to early retirement?There are no guarantees in life, except, as they always say, death and taxes (although some avoid the latter with overseas accounts).
But PYN has something special.

Already hit 6.4 million unique users? Check. 

Growing at 30,000 users a day? Check.

Already reached 1 billion queries/interactions using the app? Check.

Available on most smart phones in numerous countries including India in the near future? Check.

An invaluable patent making it the mobile Groupon, or something comparable? Check.

$15 million in the bank? Check.

A growing industry of mobile advertising? Check.

Insiders have held their shares despite nearly tripling their value over the past few months? Check.

What's not to like? Poynt has many indications of a winner. I'm going to continue to add on dips. Could be a ticket to a wealthy retirement IMO.
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