RE: RE: If history repeats itself
TXRogers, thank you for your comments. First I neverstarted out to be a stock trader with these funds. I do trade oil andgold exploration/speculation penny stocks for fun. My plan was to buy lowand sell in retirement. To treat these funds/trusts like bonds.Earning monthly income and using this income stream plus the stock appreciation from2009 lows, in a margin account, to buy even more funds. This strategyworked well all thought 2009/10. My first signs of trouble was FFN & FTN when poor economic data from the US just kept compounding itself. I did not believe then that FTN would falter, I posted optimistic views and felt that FTN would hold. I was wrong and thanks to bychoice I got out at a price above $7.00.
Today I monitor FTN and believe that, like you say America will adjust itself and move on. Bank of America concerns me and I would watch this stock carefully. It's in the bottom 5 of FTN holdings so I not sure how much of a negative effect it will have on the over all n.a.v. in the long term. Good luck to all
spazzman