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PIMCO Income Strategy Fund II Message Board

  • cryptomeria12 cryptomeria12 Jun 13, 2013 11:41 AM Flag

    Seems like an across the board correction

    I have been in the market since 1988. I've seen many temporary correction of the market. This one has many distractions to blame for this downward spiral. Of the 22 CEFs in my acct, all have been affected. I have diversified as much as possible. What I do not intend to do is sell at this time. What would one do with the funds if one sold? All sectors are affected the same way. I panicked in 2000 when the technology bubble broke and sold holdings, only to regret it later. This time I intend to ride it out.

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    • 2008 and 2009 were really trying times for CEF's, along with most other investments. I didn't sell during this panic and bought more at the depressed prices. Needless to say I did the right thing.

    • I find such statements as "nice terms" to explain how they are stealing our money playing "the game".

      Please share such topics with others at the dinner table. They collude upon the lies, we shall collude upon the truth.

    • Like you say,.. WHERE do you "put" your Money??
      Yup,..I'm gonna "ride er' out",.. too!
      Draw DIVIDENDS for the next 2-3 years!
      My 5 CEF's average 9%,.. think I'll say "put"!
      Good luck, Guy!!

      • 1 Reply to doughav
      • No such thing is a correction it all just a convient story line they give us while they play "the game" called "stealing our money".

        How on earth are are they going to pay those debts they have piled up on us...

        They have to collude together to steal our money, except now they are using every means neccessary to steal our money.

        WISE UP!

        There is no hiding, we have to take the fight to them, the career politicians, corp-America, lobbyists.

        They have murdered many a futures already, now they are murdering our children's future, next time you see a politician pose such unpopular questions to them.

        Every dinner table in America is having these conversations and all the wars and scandals will not detract the underbelly of what has been hidden or so you think it has been hidden for so long, centuries.

        We are starting to accept it and face it. Next is to clean it up like Ole Dodge City was swept up, tell your cronies the era of lawlessness is coming to an end.

        Mr. President please print this and nail it to the doors of Congress.

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