RE:RE:Fund Strategy Ed, agree the splits are not for the faint of heart. What level of "crash" are you predicting before buying back in? Since you said you are "hoping for a crash", I'm assuming you will be buying in again.
A 10% market correction is due. A 20% correction is possible. But a crash? Are you expecting a black swan type event like 2008 and/or covid? These are impossible to predict/time.
Either way, it sounds like a lot of sideline money is waiting for a crash to buy the dips. We would need a catatrophic event with the VIX pushing 60+ to keep money away. Those situations are not easy buy-ins.
EdPaquette wrote: Primo105 I have been in theses splits for a few downturns. Don't worry about what quadravest does, you can only control what you do . If the market drops like a stone, the splits drop like a leveraged stone. Everything is priced for perfection now, but the reality is stark. You have a chance of gaining 1% or losing 50%. I'm in preferred shares, actually hoping for a crash. I think it's coming within 3 months.
primo105 wrote: Can anyone comment on the strategy the fund has used in the past when there has been a market correction? Specifically, does the fund continue to sell covered calls on its holdings if they are down 20% plus? Or are they more strategic and hold onto positions until the price recovers even though it would result in less income in the short term?