The low no rate charges by Fed has forced retired people to draw on the savings and or thak to the stock market where they don't have the experience to make 10 percent. fed is doing a negative thing now that 2008 is over
There is a dynamic at work involving rates and selling. Fear of rate increases has made sellers out of ncz holders. More selling brings on more selling . Fed leaving the date for a rate hanging keeps the fear alive and has moved investors to keep selling ncz, ncv too. Allancz too has lost on some of its bonds, I am guessing its gas and oil industries bonds . This company is also an Insurance co and has much deep pockets. If it did not, it would be gone from the 2008 crash
How much $$$$$$$$$$$$$$$$PAIN$$$$$$$$$$$$$$$$$ can you guys stand. I sold at 7.58 and it still near 20 cts less.
I've been faced with the decision of keeping the dividend or selling out. I think take the profit , buy another fund now that more money is in the bank and forget the old closed end fund. I passed up 8,000, 3000, just to keep the dividend. Not worth the downside risk. Sorry i did it
Thanks for the reply, I see OAKS is near rock bottom, 7 $ -*8 dollar paying .10 a share monthly, Granted this fund is doing poorly, at this price I can buiy, before aug 12, make 100.00 and if I am luckey break even or make a little. I am also in iGD which is up over a dime in 1 day, pays .076 mth. Both look better than ncz which I sold at 7.22 but want to hitch up again to recoup what I lost. About 8.55 is braeak even for me on ncz
They manuver this fund by buying up and then selling out bif's shares which Horjesu and family all own. Bad fund because its not market run. Its family manipulated
Bought some iid , 7.88 and its now down too. Igd is at its 52week low They pay 6.9 cts and 7.8 cts respectively. Thats close enough pay out to the 8.5 cts of ncz
Shes a simple wimpleton. She makes an image of a person whos afraid to make a rate hike decision and keeps stalling so she can put off raising a piddly .25 percent. She irritates many in the financial world and shows no backbone when she speaks
Ncv had an extrodinarly large loss. Day before it gained .11, next dy droped .30 cent. There were a lot of sells many around the 30,000 shares sold . Looks as though some are buying one day and selling it quick causing fund market price to be unstable
Went to cash but took a chance on ncv for a 1000 shares. Lost over .40 cents in 2 days. Also bought iid and lost a dime and it pays near 7 cnts. Ncz has to have reasons why it drops so bad almost everyday. Money dosen't grow on trees and neither do losses. Take calamos, .18 cent drop, ncz 28 c ent drop. Why. WHY?
If they would lower the dividend by 1.5 cents it would be 7 cents and theres a lot of more funds at 7 cents with less risk than my ncz is showing right now.
Hey professor, what in the world is making ncz drop over 800,00 shares changing hands? Quite week on wall st. I feel the fund is now rigged What your thoughts?