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AllianzGI Convertible & Income Message Board

retiredafe8 11 posts  |  Last Activity: May 23, 2016 11:33 PM Member since: Dec 9, 2009
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  • Reply to

    best 1yr NAV performance

    by mikectm2 May 23, 2016 4:03 PM
    retiredafe8 retiredafe8 May 23, 2016 11:33 PM Flag

    Morningstar shows dist of 0.0980 and UNII of 0.1179 for MMD. It is also rated at 5 star.

  • Reply to

    Life expectancy of this fund?

    by cfmccally May 3, 2016 11:33 AM
    retiredafe8 retiredafe8 May 4, 2016 8:06 PM Flag

    cfm...There is nothing to indicate this fund is in danger of being terminated I have owned it for 10 years. Have sold it and then bought again to take capital gain. At the present time I have 6499 shares in my main acct and thousands more in my IRA. The 6499 shares brings in 844.87 per month. Now I intend to hold as long as possible. MY advice to you if you are interested is buy and enjoy it. PTY has always been one of PIMCOs favorite funds. Good luck to you.

  • Reply to

    Pimco CEF funds question

    by genem7169 Apr 23, 2016 8:47 AM
    retiredafe8 retiredafe8 Apr 29, 2016 11:19 PM Flag

    tom...Welcome to the retired ranks. I retired from the military in 1970 and from the civilian ranks in 1996. forty six years non- stop was enough for me. Along the way, I tried making money in investment grade corp bonds, REITs, CMO and even IPOs. I had open ended funds for a while. Did OK for a while. About 10 years ago I ventured into CEFs and never looked back after that. Have not bought any other type investment since. I am heavily invested in PIMCO funds., including tax free munis.Two years ago I got a long letter from Soc Sec office explaining why they were now deducting 2 and one half times from my soc sec check versus what the average retired person has deducted for medicare. Sco Sec and IRS are now taxing partners. Because my gross income went past a certain amount and I have tax free munis, Soc Sec now adds my tax free muni totals to my gross income and now deduct more from my soc sec check every month for medicare. Instead of deducting the present 104.50 I now pay 244..00 for medicare. What happened to tax free munis?The last barrier that I crossed and caused this increase was 147K per year. I am not too upset about this additional increase to medicare because I have the best health plan and drug plan paid for by DOD. It just bothers me that tax free munis are no longer tax free Something you may think about before you get hit. Good luck to you.

  • Reply to

    Pimco CEF funds question

    by genem7169 Apr 23, 2016 8:47 AM
    retiredafe8 retiredafe8 Apr 23, 2016 10:53 PM Flag

    gen...I do not own PHK or PKO. However, of 19 CEFs I do own, 14 of those are PIMCOs. I 've bought only CEFs for the last 10 years and am a firm believer in PIMCO investments. Seven of those 19 funds are tax free munis, all of them PIMCOs also. As for risks, there are always some in any investment. As for being conservative and profitable, the year 2015 was my best year in the market. So far 2016 is going the same way. Have been in the market since 1988 and am still ahead of the game. Made more than my share of mistakes when I first started, Now I do my own research and decide when to buy and sell. Use Merrill Edge discount broker to handle the transactions. Would not have it any other way. Hope this info helps you out. Good luck.

  • Reply to

    Buy On Dip

    by vangalfredaoo54573 Apr 6, 2016 11:36 AM
    retiredafe8 retiredafe8 Apr 22, 2016 7:24 PM Flag

    par...I never gave up on ncz. I still hold thousands of shares of it and NCV. I bought shares of NCV when it dropped to near 6 per share. I feel comfortable with holding on to NCV and NCZ. Good luck to you.

  • Reply to

    Buy On Dip

    by vangalfredaoo54573 Apr 6, 2016 11:36 AM
    retiredafe8 retiredafe8 Apr 8, 2016 10:43 PM Flag

    poo...Been a while since hearing from you. About DFP, I got rid of that holding. I did not like it when the dividend was cut. I ventured into other holdings and am now better off. As for 2015, It turned out to be my best year in the market since entering this game in 1988. So far this year, I have not gone down yet. I have 19 CEFs plus T ROWE PRICE PRSVX. I bought that one in 2002. It has gone up 3 and one half times in value since buying. No hurry to sell that one. Am heavy in PIMCO CEFs, 13 in all. Can not argue with success. Hope all is well with you and yours. Take care..

  • Reply to

    termination date

    by minonov1234 Jan 4, 2016 7:19 PM
    retiredafe8 retiredafe8 Mar 25, 2016 11:20 AM Flag

    rj...In the last report I got from DMO, it states that all assets in the fund will be sold at NAV price.I hold 3159 shares at the present time. Am I in panic mode or ready to sell? Not hardly 2022 is a long ways off. I used to be heavy in corp bonds. When those got called, I was paid back at par. Not sure if those 2 situations are related. Hang on to your shares and enjoy the high dividends. Good luck to you.

  • Reply to

    Unique Muni Fund

    by mikectm2 Mar 21, 2016 10:08 PM
    retiredafe8 retiredafe8 Mar 24, 2016 12:00 PM Flag

    mike...You got a good one, hang on to it I first bought in at 12.17 on 12 feb 2012, then added more from 12.75, 13.02.12.40 and 11.59. As of this morning I am up 4,100 more than I paid for it. I also hold it's twin, PMF. That one is up 5100 more than what I paid. I also hold PMX, that one had dropped in value, but, it has been going up for some time now.Other munis I own that has gone up in value,PYN over 4800, PZC, over 6000. There is money to be made with muni's if one takes the time to do research. Got my 1099 from Mer Edge. It shows I made 29600 in tax free dividends.I would like to sell some of those up in value, but I have not seen any good ones to replace them with . I have to consider the AMT tax. I do not want to fight that.Good luck to you.

  • Reply to

    Enjoy the latest rise in distribution

    by retiredafe8 Feb 24, 2016 10:41 PM
    retiredafe8 retiredafe8 Mar 2, 2016 8:02 PM Flag

    mag...If you are still wondering why I added those 2 groups of numbers, it is because that is how one arrives at the correct latest distribution, namely, 0.2350. Type in DMO on Morningstar. For anyone to see, the new dist is 0.2350. Your college degrees sure haven't helped you out much. All I have is a high school diploma and I arrived at the correct answer in a minute or two. Have been in the market since 1988 and now have a 7 figure portfolio with Merrill Edge. Not bragging, just stating fact. You are not the first yahoo I have run across with degrees but lacking in common sense. Nuff said for one day.

  • Reply to

    Enjoy the latest rise in distribution

    by retiredafe8 Feb 24, 2016 10:41 PM
    retiredafe8 retiredafe8 Feb 29, 2016 9:22 PM Flag

    mag...You not only have a math problem. You also can not read very well. In plain English it stated the raise was for March, April, May. Sounds like your degree was from one of those make believe colleges.

  • Reply to

    Enjoy the latest rise in distribution

    by retiredafe8 Feb 24, 2016 10:41 PM
    retiredafe8 retiredafe8 Feb 26, 2016 10:46 PM Flag

    mag...I wish it was 0.25. That would be one hell of a raise. O.21 + 0.02500 = 0.23500 7 days a week.. Watch your decimal point and 0 The 0.02500 is the amt of the raise. I am no rocket scientist but I do know math.

NCZ
5.21+0.070(+1.36%)May 25 4:02 PMEDT