Let's not forget that some payers changed from quarterly to monthly during this time, which changes the big month lower without necessarily changing the quarter.
The entire market is in a similar trend. Will the entire market never recover either? It's the summer lull. If you look at last year, the market did a similar 'dip in the pool' in the hot summer months.
I agree with you that getting the div back is tough once cut, but the mortgage sector is improving a lot right now. Things are going to change greatly once Fannie and freddie get released from conservator-ship as well.
I'm a buyer under 18
Sentiment: Strong Buy
umm, this is an AT&T board. you should voice your complaints on the t-mobile board.
It's in mine... but the age of the holder would certainly dictate the risk level involved. I'm not in this for 1 year. I'm here until it wraps some time in the 2040's. NAV doesn't matter to me at all so long as it's above $5. The volatility is actually great for the short term. today, when payday hits the accounts later tonight, I'll accumulate more shares than I would have yesterday. In a few years, the NAV dip don't be what I care about. It will be the growth of the growth of the growth.
There's some 25 years left on this guy before it's called in. Sure, this year and the next couple may be rocky, but the long term value is there. In fact, if you hold and drip for just 4 years, you've earned back your entire value. It could go to 0 and you end up 'even', so long as you pull that re-investment out.
Me, i'm enjoying the fact that the big pay day is due to hit today at these low prices. Should get me a bunch of extra shares compared to last big month. THIS is exactly how you make money, volatility and time.
The $9 wall has been in place for a long time. It creeped over it once or twice, but we've been having a hard time getting over it for good.
I agree with you that prices are up, but If you spend 1/3 of your income on food, you need to re-think what you buy. I feed my household of 2 adults exclusively on organic products for under $50 a week.
people who cut ties now surely lose. Those who are willing to wait will make money while nav comes back up. it's not like this is the only thing tanking. the whole market is tanking. And it's ok. volatility is how money is made. i have a buy order in at 16.50 and another at 16.00
The 2039-42 time period is going to be very interesting, that's for sure. I imagine the share price will drop near the end as people get out. I'm anticipating new products coming out all the time to match various indexes over the next 20 years as well. So, we'll certainly see what happens, but I don't think I will be in this one all the way to the end-- at least not without a stop loss in place at whatever $25 NPV'ed into 2042 turns out to be ($25 was initial offering price). Maybe use your own cost basis instead, but DRIPing will not be a true representation of that unless you bought 1 lot and held it forever it may be hard to do the math. I am also in CEFL and am considering a position in MLPL
oops, yeah, sorry, i was thinking of a different holding i have. Yes, all of UBS ETN's are closed-ended to the best of my knowledge, and most are in the 2040-ish year time frame. the ETN is a debt vehicle... it is an IOU. UBS will pay at maturity, or $5 if it happens, the price back to you. Meanwhile, all these years, they've used your money to make more money and pay the dividends with it. It's a brilliant model, so long as they do it right and UBS doesn't go under. it's very risky, but i think it's pretty safe. As others have said, if you make it here 4 years dripping, you've made your investment back and then some. Its no longer a risk. You could then strategically pull some assets out, although it will hurt compounding. I bought in here with money i was ok with losing at any time. And hope the risk is worth it in the long run. I bought some more this morning at 18.00. Anything under $20 is a good deal IMO.