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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by quinlashon May 09, 2022 1:42pm
160 Views
Post# 34667730

If I were Worried

If I were Worried

I would not be adding and instead I would be setting out a LIMIT order sell at 5% over my current average in order to pull out any amount of money I deemed as "too much" and I would be leaving that order open for 30 days.  I use 5% over average on orders such as that as I would want some sort of return on the investment that beats my savings account, 7% would be enough to beat current inflation rates.

I partial sell over average would rebalance the investment to a lower cash balance but would also result in a lower cost per share (lower average) than prior to the rebalance. 

You can play around with that approach with various targets to see how that actually works.

As it stands I am still picking up shares as cheap as I can but not advertising my pending trades

Best Regards,

Q

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