Hi, ING Clarion Global Real Estate Income Fund was recommended to me recently. The reason is my job may be eliminated in the next 12 months.I may need to generate some monthly income and IGR may be for me. Can a shareholder out there please explain how you purchased shares?I haven't called the Co. yet. Is this heavy risk in losing the price per share?
Is the dividend monthly? If I had lets say $200,000 to purchase shares, how would I determine the monthly or quarterly income amount? I see the share price is about $6. $200000/6= 33,333 shrs. Is there a load? Then 33,333 shrs x .54=$17999/12= $1499 per month?
If I'm not even close, its because I'm a growth investor and haven't studied the art if generating monthly income.
Thank for reply xx865. Are you a shareholder? If so, why did you choose this fund?
I did speak to a rep at the company. She was very patient and friendly, but if she said the word "risk" once, she said it a hundred times. She even suggested I research bonds also for safety. I think she was just trying to make me understand that the co decides every month to pay the dividend and that it can stop anytime. Also, I guess the share price had a high of over 10 at one point and fell to under 3 which generated a lot of unhappy shareholders.