speed...I am well aware of over-looking the consequences of a wash sale. I do my own taxes. One who does that will get a letter from IRS explaining why their tax return was corrected and no doubt having to pay more in taxes. There is a 30 day period involved in figuring whether a wash sale is involved. You are correct in your comment..
floop...I presently have 6499 shares of PTY. I first bought in on 2 Feb 15 and then doubled my shares on 22 Jun 15.I have owned PTY several times over the years, selling whenever I could make capital gains. Have been in the market since 1988 and invest for the the long term. I consider PTY one of my best and safest investments. Morningstar still rates PTY as a 5 star investment. Quit thinking of selling and consider buying. Take advantage of dips in the market and add to your holdings. It is the best way to get ahead. Good luck to you.
vag...An investor has always been better off if he or she thinks long term when investing in the market. I have owned NCV since Jul of 07 and now hold 6474 shares after adding 150 more shares today at 6,96 per share. I decided to ride out the disaster of 08 and 09 and also the present fiasco. NCV is a sound investment and will go back up once the market straightens up.Morningstar still rates it a 4 star fund. Quit worrying and start buying. Take advantage of the dips in the market. It is a sure way of getting ahead. Good luck to you.
mike...Sure hope you're right. I have 100K in this CEF, If the bottom falls out, I will be jumping off the I -10 bridge in the Miss, river.Dying can't be all that bad, hell, everyone seems to be doing it. Good luck to you.
sarg...I have been in the market since 1988. I presently have 19 CEFs and am diversified in every direction. Sorry to say everything I own is in a downward spiral. It is the only game in town where you can still make a little moolah. Am not selling anything and am prepared to ride this correction out. Did the same thing in 08 and 09 when the latest depression hit., Hang in there, we'll be alright.
b&w...My response to you owning DNP was never meant to question your right to buy that CEF or any other. I merely stated fact about the company doing return of capital and doing just that,, to me, makes it look like they were paying a particular dividend, when in reality they were not. I own 18 CEFs and have been in the market since 1988. I have sold funds that for whatever reason suddenly started doing ROC, Funds that do that , to me, can only mean that they are no longer making sufficient profit to meet stated dividend payout. In my case, I need to keep track of accumulated dividend or capital gains to know how much to send IRS at quarterly payment time. My comments were not meant to degrade anyone, just my own stated opinion..
b&w...The only flaw with this fund is the return of capital that occurred 3 times in the last 12 months. In reality an investor is not making the stated dividend. If you doubt my word check out this cef on Morningstar. I avoid funds that do ROC because I cannot do long range planning as far as dividends are concerned. I also own other funds you stated. Good luck to you anyway.
butle,,,I have PCN and PFL in my account with Merrill Edge. They both paid normal amounts on 1 Jul. Just got thru talking to ME. Your problem is with Fidelity. Try going with Mer Edge. Good luck.
greenb...I decided 9 years ago to invest only in CEFs. I now have 18 and finally am able to stay ahead of the game in dividends and capital gains. For years I would grab capital gains whenever I could clear 5000 more than I paid for it. That is now getting harder to accomplish and have settled on 3000. The dividends are doing fine. You may want to take the gains before they vanish. Also, I never took gains unless I had losses to offset the taxes due by taking capital gains. I do my own taxes and keep running totals of gains and losses that can be carried forward year to year.I pay enough taxes as is. Just something to think about. Good luck to you.
You think above CEFs message boards are weird? Look at DMO. That is not Russian, that is Yiddish. I know Yiddish when I see it. I studied that in school. I cannot help but wonder why Yahoo allows stuff like that to happen and then ignores it.