" my razor-sharp investing acumen ".................hardly!
Fredbrain finally admits that this was a real dog of an investment. I`m still laughing about him pounding the table about GABUX`s Total Return nonsense for years, while every dollar invested literally evaporated.
Speaking of a real Idiot!
A word to the wise. Don`t listen to this fool.
Put him on Ignore Pronto!
" if you do the proper analytical research."
Well, obviously that leaves you out Dumbo!!
After having witnessed the disastrous performance of this fund since Cal. Yr. 2000, I can`t begin to imagine anyone even addressing "total return" ...because it was a total disaster no matter how you analyze it...whether it be from an accounting, tax or cash flow stand point! For the poster to embellish that he held it in an IRA, makes it even worse. He took his lumps on the asset value erosion, can`t take the Capital loss write-off, and then to top it off, he has to pay Federal Income Tax at Ordinary Rates on the eventual IRA Income Distribution! Speaking of a Financial Drubbing! It`s one thing to admit that you made an Investment mistake, perhaps in a vehicle that you never did understand to begin with, but then to continue emphasizing about how much money one made and all of the Bu -ll Sh-yt about how impressive his " Total Return " was! Speaking of Insanity!
Remember, this is only a message board, and it doesn`t take me long to recognize whether someone is on the up and up!
I was employed with one of the Big Eight National Accounting Firms for ten years and ended up working for a major bank, as a Fiduciary Income Tax Manager in the Estate and Trust Tax Industry for thirty years, and it would take quite a wizz kid to blind side me. It`s just best to put these trolls on ignore!
" We know that GABUX is a sinking ship. "
Is a sinking ship? Ha
This fund has been SINKING since Calendar Year 2000 or for almost 15 years. Had you invested your money in NEE you would have had a Four Bagger WITHOUT reinvesting your Dividends and would have 85% of your Taxable Distribution in your pocket instead of Mario`s hand.
GABUX is literally a Wasting Asset!
Don`t even try to convince anyone on this board that having held this money sucking fund that you made money or for that matter that you broke even...even after the Reinvestment of your ROC Monthly Distributions! How can anyone literally present a positive view on this investment vehicle. It`s Mind Boggling, to say the least imo! But some never learn, as we all know!
" " Why do you say that GABUX will sell its "top holdings?" On the contrary, if a fund needs to increase its cash it sells what it considers its least promising holdings, not its "top holdings." If I needed cash, why would I sell my best performing investments?
More than that, why do you think it would negatively impact the diversification of the fund? The fund will continue to have roughly the same diversification. In raising cash it could sell a portion of any of its 200 or more holdings and that would not change the diversification.
You are sure sour about the split and distribution change. It is clouding your rationality about it all " "
" You are sure sour about the split and distribution change. It is clouding your rationality about it all " ...What a Joke you are! Do you really believe everything you yap about? Your comment/statement says it all! You have been disillusioned from the day you set foot on this board and will never get it right. Your nonsense about " Total Return " has been a total farce and you know it. I really feel for the naive investors that unfortunately took your advice!. This thing has been a classic ponzi. The only happy camper is obviously Mario! Ha!
Off to the Ignore you go!
Pay no attention to this Crack Head.
He goes from board to board suggesting that companies should Suspend their Divident!
Shouldn't DE suspend its divident
as a matter of prudence in order to pay down its debt!
Dividend Doctrine of Investors Liberation Movement " "
The DOLT doesn`t even know how to spell DIVIDEND!