I recently purchased this fund, which has dropped about 50% since. I figure the divy at about 47% annually after today's drop. Pretty incredible. Is something going on here that has caused such a steep drop in fund price. Is it just redemptions? I'm thinking of doubling down. At 47% annually purchase pays for itself in two years. Thoughts? Thanks in advance- b.p.
Would probably be a good idea to hold on to your cash. The dividend will be reduced, No one knows how much but it is going to be substantial. The majority of us stayed too long. Will probably be 2 to 3 years before any kind of recovery. If anyone else has an opinion I would like to read it. Thanks, jgdavis