On Monday, October 30, 2023 at 4:59:58 PM UTC-4, -hh wrote:
Well, there's Good news to report:
PONAX closed above $10/share (just barely) for a second day.
Nevermind that that brag was from back when it was ~$12/share
(a 17% loss) & nevermind that its current yield YTD is +2.92%.
Golly, perhaps someone could have done much better financially by buying
an 8% Annuity back in 2021...?
Well, its been nearly another fiscal quarter, and the Market's in a "Santa Claus" rally, so how's it going?
<https://www.google.com/finance/quote/PONAX:MUTF
Looks like yesterday's close was $10.58 ... only 4% lower for those who bailed at $11.
But the good news is that at this price, the YTD return has been 5.60% .. just slightly
better than what FDIC-insured CDs are offering without any loss in capital, if one ignores
the fund's 1.02% expense ratio. And of course that's also nearly 3 full percentage points
(or 4 points after the expense ratio) lower than someone's Annuity for those who are
interested in that risk-reduction-vs-ROI math aspect.
And of course, someone else has not been sharing their monthly "big winner!" Market speculations for over a year now, which is just illustrating that these
which were claimed were mere anomalies, not reliable/typical investor performance.
-hh
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