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AllianzGI Convertible & Income Message Board

retiredafe8 32 posts  |  Last Activity: Feb 10, 2016 8:35 PM Member since: Dec 9, 2009
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  • retiredafe8 retiredafe8 Feb 10, 2016 8:35 PM Flag

    I notice you complain only about NCV. Are your other holdings so far down the tube that you abandoned them? Or did you invest everything you had in only NCV? I am inclined to believe the latter. If so, then you committed a hell of a mistake by putting everything you had in one basket. Any normal person would not cut down his own investment anymore than he would cut down the person or company he works for. All this complaining day after day makes me wonder about what degree, if any, you possess concerning normalcy..

  • Reply to

    ira

    by jvf1954 Jan 17, 2016 5:03 PM
    retiredafe8 retiredafe8 Feb 8, 2016 6:28 PM Flag

    By taking a lump sum, you are giving away right at 50% of it,s total to IRS and the state. Most companies and other entities would much prefer for the investor, winner, or whatever to take the lump sum, so would all your friends, relatives, ex girl friends, etc. Forget about making a loan and then getting it back later. It does not work that way. Besides, if one invest the lump sum and then it turns out to be a bad deal, well, there goes your lump sum. If you invest one or more months interest or dividend and lose that, you still got more coming in. I have 2 pensions coming in monthly. I had to decide on only one, the other, I had no choice. I I went for both pensions. Lump sums would probably have vanished years ago. My thoughts for what it is worth.

  • Reply to

    Right back to the normal beating...

    by sargeantfury Feb 5, 2016 3:37 PM
    retiredafe8 retiredafe8 Feb 5, 2016 10:10 PM Flag

    dvd...He is a hopeless case. He lacks the required intelligence to figure things out. It is too easy for him to just complain instead.

  • Reply to

    Warren Buffett invests like a girl

    by gladysddcoulteraaa5021 Dec 30, 2015 5:51 AM
    retiredafe8 retiredafe8 Jan 31, 2016 12:11 PM Flag

    gladys..If you had a fraction of the brains of Buffett, you would be an outright danger to society. Take that info you keep pedaling and shove it you know where. There, my good deed for today'

  • retiredafe8 retiredafe8 Jan 25, 2016 9:31 PM Flag

    poo...Been a while since I heard from you. I owned PFO and PFD for years. Sold PFO this past year to take long term cap gain. Also sold PFD this past year to buy DFP with the proceeds from PFD. I would not hesitate buying them again, might have been better off hanging on to both, who knows? Right now I"m pretty much hanging on to what I have and hoping for the best. Three months ago I added PCM to my acct. so far so good. Used dividend payments to buy PCM. Bought 5685 shares. @ 9.21. Am still heavy in PIMCO. Been busy building an 8 by 12 foot porch to front of house. Had a close call last week, ended up in the ER. My ticker missed a beat, was a weird feeling for a minute or two.That's life, here one day & gone the next. All is fine now. Good luck to you.

  • retiredafe8 retiredafe8 Jan 24, 2016 9:52 AM Flag

    bigbear...Until oil goes back up to at least 60$ per barrel, this upheaval in the market will continue. NCV does not have to posses oil holdings to be affected by the drop in oil prices. Oil is too large a commodity in our lives not to be causing what is happening in the stock market with this drastic price drop in oil. If you have 19 other CEFs like I do, you can bet that at least 90% of them are on a downward spiral.. Do not blame management. All of them would not suddenly be conspiring to rip off investors. If you cannot stand this hectic market, sell your holdings and then enjoy low gas prices.

  • At the present time I own shares in 8 muni funds, namely. PMF, PML, PMX, PYN., PZC, MEN,, BFK, and EIM. Five of them are PIMCO funds, and they are all up in price, along with MEN, The other 12 funds I own are all down. Try going with munis to make up for losses in non muni funds. I am glad I learned that a long time ago. Just a thought.

  • Reply to

    Stop beating yourself up

    by speedway_01 Jan 16, 2016 5:29 PM
    retiredafe8 retiredafe8 Jan 17, 2016 9:32 AM Flag

    speed...What you are saying about this drop with CEFs should be apparent to anyone investing in the market. It is not the fault of management in all cases. What is happening is same as what went on in 2008 & 2009 at the start of the great recession. At the present time I own 20 CEFs, with 90% of them in a downward spiral. The market has gone from above 18000 to below 15000 a few days ago.In that environment. there is no way we will see our holdings stay on top. In 09my total holdings dropped a little over 400K. I did not panic or sell. I knew what I held were good investments and decided to ride it out. In 2011 all CEFs were going back up..I started out in the market in 1988 by buying corp bonds, REITS, CMOs. In 2000, the technology bubble broke and the market went into a tail spin. That fiasco cost me 150K. I was paying a full line broker mucho fees to protect my interest. Never got the first warning of a coming disaster. Fired him and started doing my own investing. That is when I started buying only CEFs. 2015 turned out to be my best year in the market. I do not expect that to happen again in 2016. For any investor going into the market, the best course is to go long term and be prepared to stay with what you have, Always selling on a downward spiral is a sure way to lose out. Complaining will get you no where. My thoughts, for what it's worth.

  • retiredafe8 retiredafe8 Jan 6, 2016 8:30 PM Flag

    chris...Watched the FOX business channel today, Their analysts all blamed it on the upheaval in China and the drop in oil to 34+ per barrel..The price of oil is causing more and more problems in several parts of the country, including here in La. Some days you can't win. I am glad to have all of my investments in CEFs. Twelve of those are with PIMCO. Good luck to you.

  • Reply to

    Will we get a yearend extra div ?

    by doctorj2222 Dec 1, 2015 12:15 PM
    retiredafe8 retiredafe8 Jan 5, 2016 4:48 PM Flag

    doc I got something almost as good today; On 4 Jan 2016 I bought 5685 shares of PCM @ 9.21 per share. As of today I am ahead by 625.20. You cannot beat that with a wet stick. PCM is 0ne of 12 PIMCO funds I own. Five are tax free muni funds. Not bad for #$%$ investor . Let me make a correction here. As far as IRS is concerned, tax free munis are tax free. Not so when social security is involved., I am now having 243.60 deducted from my social check instead of the usual 104.50 done for typical retiree. What brought this on is SS is now a taxing authority for investors who have tax free funds. The first threshold that activates this increase is 107000, taxable income. Cross the second and like I did, then look out. I was upset at first, until I remembered I have the best health insurance and drug plan, at a low cost. What the hell, I rather make a lot of moola and pay taxes than the other way around. In the end it all comes out in the wash. Good luck to you in the market.

  • retiredafe8 by retiredafe8 Jan 5, 2016 4:07 PM Flag

    Going back thru the message board, I saw where someone was telling investors to dump PZC and that this was a bad investment. Sure glad I did not pay attention to that advice. On 2 Mar 2015 I bought 6851 shares @ 11.03 per share. As of today my investment is ahead by $5939.00. PZC was not affected by all the volatility going on in the market. If you need a good muni, by all means consider PZC. One of the better things I"ve done lately.

  • retiredafe8 by retiredafe8 Jan 5, 2016 3:44 PM Flag

    Look no further. PYN has been going up ever since I bought it on 1 Jul 2015. I bought in at 9.40 a share.and bought 6125 shares. As of today I am now $6335 ahead. Not bad for only owning it for 6 months. Wish my other holdings were doing as good..

  • Reply to

    TO retiredaf8

    by minonov1234 Jan 4, 2016 10:50 PM
    retiredafe8 retiredafe8 Jan 5, 2016 9:03 AM Flag

    minon...PIMCO CEFs are my largest group of funds. I also have Blackrock, Flaherty& Crumrine, Eaton Vance Western Asset and also own NCV and NCZ and Guggenheim.At the present time, I own 12 PIMCOs. The latest was PCM, which I bought 4 Jan 16. I just settled on PIMCO funds years ago and feel comfortable having them. Five of them are tax free muni funds. When I entered the stock market I decided to go for the long term. I am not in the habit of selling a holding just because the share price goes down a buck or two, If it is a good investment, I ride it out. Good luck in the market. For me it was the best thing I ever did.

  • retiredafe8 retiredafe8 Jan 4, 2016 8:47 PM Flag

    navee...Do what I did, buy shares of both. PDI and PCI. I have owned PCI for a long time and bought PDI in Oct of 2015 So as to get in on the year end special divvy. Best thing I ever did.I am invested heavy in PIMCO. 2015 has turned out to be my best year since my entry in the stock market in 1988. My worst years were 2000 when the tech bubble burst and 2009 when the great recession set in. Sure hope there won't be another any time soon. Good luck navee,

  • Reply to

    And the beating continues...

    by sargeantfury Jan 4, 2016 11:59 AM
    retiredafe8 retiredafe8 Jan 4, 2016 3:25 PM Flag

    dvd...He is harmless, doing what he does best. Making a real fool of himself.

  • Reply to

    In at $23.25

    by duken4evr Dec 2, 2015 5:10 PM
    retiredafe8 retiredafe8 Dec 21, 2015 7:08 PM Flag

    rjw...That year end dividend will not be payable until 29 January 2016.

  • Reply to

    How does MEN contnue...

    by alanbones142 Dec 18, 2015 7:15 AM
    retiredafe8 retiredafe8 Dec 19, 2015 6:08 PM Flag

    alan...I first bought in MEM on 11 Aug 15 and then added more on 10 Sept 15. I monitor this fund everyday. So far it has not been affected by market volatility Also not going down are 3 other muni funds, tax free, namely PMF, PYN and PZC. I would not be praising these if I did not own them., some going back to 2012. If you are looking for another tax free muni, consider them. Enjoyed your comment. Good luck to you.

  • Reply to

    Special dividend

    by wordscheap Dec 14, 2015 3:43 PM
    retiredafe8 retiredafe8 Dec 19, 2015 11:47 AM Flag

    Time to correct this entry. I entered symbol PMO by mistake. It should read DMO instead. I'm involved with PIMCO too much. Sorry about that. DMO is one my favorite investments, besides being one of my most profitable ones. Nuff said.

  • Reply to

    Special dividend

    by wordscheap Dec 14, 2015 3:43 PM
    retiredafe8 retiredafe8 Dec 18, 2015 10:43 AM Flag

    word...Go with PMO. That fund is doing things other CEFs can only hope for. In Oct 2015 it paid short term and long term capital gains. . In my case it came out to $995.49 Long Term and 72.34 short term capital gain. That was besides the $663.39 normal monthly div payment. On 17 December 2015 it announced year end special payment of 0.026370 short term cap gain and 0.623420 long term cap gain. That is $83.30 short term and 1969.38 long term cap gain. The long term cap gains will be tax free in my case because I will use long term losses from previous years to cancel out the gains.Some times I can do the same with short term gains.I can not help but wonder what PMO knows that other CEFs do not.. The second year end payments will be payable on 29 Jan 2016. I first bought in with PMO on 18 Feb 2015. That is one of the better investments I did in 2015. Hope it carries over to 2016. Good luck to you.

  • Reply to

    No one seems to post here.....my thoughts

    by debrasteitztravel Dec 14, 2015 5:14 PM
    retiredafe8 retiredafe8 Dec 15, 2015 11:22 AM Flag

    deb...Have been monitoring PMF, PML, and PMX for the last 3 years, after buying into all three in 2012. These 3 are among my largest holdings. At the present time I am 2300 ahead with PMF. PML is a little ahead, while PMX is on the negative side. but. not anything to worry about. Adding up the divvy for all 3 brings me 1295.40 per month. I have no plans to sell for the foreseeable future. If you are considering adding more tax free CEFS, you might consider PZC,PYN, and MEN. I have all 3 and they are all ahead in value, never having dropped below what I paid. Good luck to you, enjoyed reading your comments.

NCZ
4.03-0.11(-2.66%)Feb 11 4:02 PMEST