RE:RE:Hard to believe sellers are dumping LFE this morningToppicks1 wrote: mouserman wrote: Of all Quadravest split funds, LFE has the lowest UNIT NAV of those that are paying, and has by far the biggest gains since mid month, now at about 32cents. Also has the highest yield if it pays all year ( which i believe they will). As long as the US has higher for longer interest rates, the lfiecos will outperform the banks and the general markets. Exception might be precious metals ...
I wonder if it is the fact that end of march it was at 5$ and by April 17 it was at 3.80...maybe movements like that spook investors. What are your thoughts.
No accounting for stupidity... i like buying the discounted split funds with the best fundamentals. I have repeatedly said the lifecos have the better fundamentals when compared with banks, and that theory has worked out very well. I have been in LCS for nearly 2 years , buying at the bottom and then selling when it gets above 7$ and trades close to its NAV. These do not have great liquidity and that scares some away, but I am not in that group. I will take the capital gains and distributions and slowly sell when i see a deal ( like LFE) and move some profits that direction. Today i sold a few FTN and bought more LFE at $.497,.. averaging up as the discout was close to 8%.