I rarely post anything here but I'm still holding GABUX.Also own LNCO and some other funds already posted here.
I've owned 44,000 shares of GABUX since 1/25/2011.I'm retired and I receive $3,102.in monthly distributions much of which goes to accumulating 1310 shares in LNCO.
I have seen 32+ when LNCO first started to trade I bought 1000 shares at 38 and when it got to 38.50 I sold it for a $500.profit.I did that a couple of times.Now I'm just holding 1310 shares mainly for the monthly dividend.
I bought 50 more shares this morning at $29.93
Gotta love these buying opportunities!
Nice to see my old friend FredKane3947 still in GABUX.I too am still holding 44,000 shares of GABUX.My monthly distribution is $3,102.per month.Nice to see the fund price slowly going up.
I was going to sell this morning had LNCO gotten up to 29,but I got up too late.I see today's high is only $28.25.Very disappointing.
I have about a quarter of a million in GABUX..While the distribution is mostly ROC,when I get the distribution currently at $3,096.I reinvest the distribution in other stocks or etf's.Since 12/17/2013 I've been buying LNCO and to date have accumulated 1200 shares.LNCO pay's $0.2416 monthly.
I am personally thankful for Jim Cramer#$%$ piece on LNCO which enabled me to buy LNCO at lower prices.Remember,buy on bad news,sell on good news.
The best time to buy is when everybody is fearful or they listen to shorty.I bought 100 shares this morning at $26.I now own 1100 shares of lnco.
Sentiment: Strong Buy