For those who have faith in the long-term prospects of this fund, is this a tempting entry point? I believe you have to go back to 2009 for a similar discount. (Please, no posts about the futility of trading, etc. Let's try to reserve this board for those who are interested in using their knowledge and experience to help make well-considered investment choices)
“Please, no posts about the futility of trading” urges bla bla despite prior pleas for “serious discussions.” How can one consider the concept of an “entry point” for a product like this without noting the futility of developing any analysis that can have merit. Unlike stock in a company which has a historical record of products and services and revenues, whose competitive capabilities can be substantively analyzed, GIM’s assets can change hourly and here is no assurance of stability in its holdings for any period.
Bear in mind much of GIM’s portfolio is not the result of transactions on exchanges but rather is the product of direct broker to broker transactions. Thus using NAV as a guide to GIM’s intrinsic worth is a very problematic investment method.