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Pimco Corporate & Income Opport Message Board

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  • cryptomeria12 cryptomeria12 Nov 16, 2010 10:37 PM Flag

    What just happenned?

    Not sure at all what is going on. Out of 18 CEFs we have shares in, only 2 advanced. We are diversified in many sectors. Both advances were muni funds, namely, Pimco PML and PMX. Thank God for them.

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    • jdfunnell Nov 16, 2010 11:14 PM Flag

      If you own a bunch of CEF's, I would think you own a bunch of income.......that's why you own them, right?

      Did your income go down today?

      If your income did not go down today, is there an issue?

      I look at income-generating bond CEF's kind of like I look at our house. We bought our house in 1996 for X, and its value went to 3.25X, then it went to it is at 2.25X. But throughout that process, it was still the same thing.....our home.

      Regardless of the "value" fluctuation of the house, we have no intent to sell, the true "value" is how this is our sanctuary.

      If, somehow, this stopped being our sanctuary, then we might think otherwise. In the same vien, if our PTY CEF did something different, we might look elsewhere. The price moves around, like the price of our sanctuary house. But as long as the income is the same, just like the benefits of living in the house are the same, regardless of its value........well, why change?..........Dave

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