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Keep UTG, I've had it a few years. It will keep going up long term and I think it hit bottom already. A interest rate is already been discounted for. When the Fed raises interest rates later this year or early next year the Utilities will rebound. It lways happens. Do the oppsite of what te pros say. That's what they do.
I would like a few opinions on where UTG is going over the long term. I have been holding it for several years. It pays a nice dividend. How do you see it going forward. Especially when interest rates do go up?
My UTG has gone up in value. UTF now has 1. A much better discount to NAV, 2. A much better UNII, and 3. A better yield. Time for me to switch. Any opinions?
I think he is indicating that he is using the common strategy of "buying on the dips" adding more to his holdings at those times. My average price is about $25 on UTG,I would not be afraid to buy more at todays price but I added some DNP last week. I think DNP as near the top of its higher end right now, but it trades with a tight range anyway, not too worried about variance.
If the fed raise rates can't be more than 1/4% to 1/2%, won't hurt that much, and if the herd bail out , then buy more shares at a cheaper price, I'm wanting a 10% plus correction so I can start buying PNY. UTG is a great cef, it is better than DNP.
weakness. Where else can you get this kind of safe return? Interest rates will stay low for a couple more years meantime, I'm buying!
"Just keeps going down"??? Pull up a maximum year price chart for this stock. And you worry about it pulling back a little from its all-time highs. All the utilities are down this year. It has to do with what the Fed is going to do with interest rates. I think your worry box is way too empty. If you want volatile stocks, go buy Apple or Netflix. That will really keep you up at night.