RE:Question for mouserman...Yes, buying FTN and/or other split funds, after a huge pullback, ( spring/summer of 2020 for example) or after offerings , seems to be the best strategy. HOWEVER holding these thru the downturns really does reduce overall profits. I view these as swing trading opportunities with big dividend/distribution yields attached. The last 4 or 5 months , i have mostly been going to cash after the ex divvy date and waiting for pullbacks or undervalued split fund opportunities to unfold. My profits at this time are nothing like back when i was buying the financial split funds , after the crash caused by the pandemic.
But i have not lost any money... and that is what its all about when you get these kind of bear markets.
Unfortunately i dont see this bear market going away soon, and I do think next month it will likely intensify as tax-loss selling season rears its ugly head.