Those idiots are the ones who got me into this fund. They said buy and hold it forever . Anyone get an update from them? I did do my own research but wish they never made me aware of it.....along with all the other bond funds they recommended that are under water like a rock! There is a lsesson here for all of us. Technical analysis works despit what buffett says. If we all sold this the moment it went under the 20 day moving average which was a huge warning sign we'd all be a lot richer. We'd have gotten out at 15 bucks in june! Me as a semi-professional trader, went against my golden rule of never buying when something is under its 20 day MA.
You should realize you are going through a once-in-a-lifetime credit liquidity crisis event unless you are old enough to be going through a twice-in-a-lifetime event. As a semi-pro trader, you are in the same boat as all the pro traders. No one can foresee the future, but some luckily sell or buy at just the right time and momentarily dream they are prescient. Selling when things go thru your magic reference point is not a sure-fire shield against loss. It works sometimes. What do you do with the money you got left? Cash? CDs? bonds? Not sure? Hold? till when? if this thing ever turns around, holders will miss the boat. I've missed it many times. I was an asset millionaire-plus for the past 7 years, but now I'm not one anymore.
REITs are currently awful. But IGR's portfolio of REITs looks pretty good to me. I've been in REITs for well over 10 years and did very well until now. Some of my REITs are down 80% but most are still paying their divs, the reason I own them. Some have cut divs like IGR. Only ACAS a BDC has stopped its div for now to conserve capital. For those interested, here is IGRs top 25 holdings from a google site, much better than yahoo:
I don't agree what you said. The best thing to do is to know your exit point when the time comes regardless what investment you're in. Remember that every time the company pays the dividend on their stocks or funds, their net asset values will drop to reflect the pay out.
Things are changing with time, so be flexible and understanding the current market, that will help you to come out as a winner. Just an opinion so don't take it as personal.