I figured that since it was trading at a slight discount to NAV and had a nice yield that it would be a good time to stick my toe in the water. Ive set to reinvest the monthly dividends going forward and would probably buy more if it were to go lower.
Im looking at something thats going to earn me in the 7-8% range over the next 10-15 years anyway.
I understand interest rates will eventually rise but longer term, shouldnt JPI always provide a nice yield and be somewhat less prone to market corrections compared to stocks ?
20-30 years ago I took much bigger risks. Now, Im a bit more concerned with stability than swinging for the fences.
hi there, yes you are absolutely right. My only word of caution is that there is a risk in principle investment value at end of fund life. In other words, depending on fund NAV, you can wind up on either side, come liquidation time. Meanwhile, you will have collected a ton of interest...Nice pick!