30 year treasuries hit all time low in interest rate, all time high in price yesterday. Meanwhile, back at the ranch today 1/15, phk is down 10 cents today at 11.63, while tlt (20 year treasuries) is UP again today, up 0.48%.
Hope all holders like holding on to investment pot throwing off 21% (simple interest). Nav now 7.53, a year ago it was 8.00.
I should be praising this, but this is a small, tiny, part of my investments. I suppose with all the contrarians here, they would do the opposite of what I say. Premium today is 56% at closing price of 11.73
In the meantime, the nav is now 7.53, down another three cents today, so the distribution before compounding is 19.43%, and the expenses reducing the nav are close to 1.5%. Funny to see the nav diminish as long term (safe) treasuries hit all time lows.
"waiting for more extreme overvaluation to short it again." You should be praising PHK so that the price can go up if you're looking to short it again. Not bashing it with the same old BS. You really are a BONEHEAD!!!
phk has been good to me too, made lots of money shorting it in the past, have no position in it now but waiting for more extreme overvaluation to short it again.
I can only speak for me but phk has been good for me. As stated before timing is always critical in buying and selling. Like the old saying, buy low and sell high. However phk is a different animal in that it is long term investing with investors counting on good monthly dividend checks. Investors re-invest some and others re-invest all while others rely on them as additional retirement income. Will it come crashing down? Maybe but I'm more concerned with the fast growing 18 trillion national debt and the question of when will the entire system crash?
Sentiment: Strong Buy
Dan give it a rest. I have been coming to this message board for a while now and listened to your gloom and doom, Meanwhile I have made over 35k in dividends being long. Which by the way you are support to be in a fund like this, like gigi says get lost better yet see a shrink.
Today the price was up 3 cents, the value was down three cents.
I was wrong when I wrote that fund has to generate 19% simple (21% compounded interest) to maintain distribution. I forgot management fees and other expenses which are 1% of 11.84, or approx 1.5% of 7.57. So, to maintain the distribution you need approx 20.5% simple interest generated, and that seems impossible even in a 45% leveraged account--if interest rates rise, the fund would be severely hit unless they are smart enough go out of bonds before the event (lol)