Quote:
Originally Posted by rsmurano
I can tell you exactly what the share price of angl was 5 years ago and it was $28.91. Today it closed at $27.50, that’s not a 5% increase, it’s a $1.50 decrease, you can do the math for the %.
Even by using your stats which aren’t correct, a 6% gain over 10 years is worse than the average of 8% a year.
For comparison, 1 of my funds had a price of $200.89 5 years ago, and after the loses these past 2 weeks, the closing price today was $486.50, almost 130% gain over 5 years and this was not my best fund.
I don’t time the market, but if geopolitics or dumb things happen around us and I think we have a downturn coming, yes, I’ll go all money market until things get better. If I was still in the market these past 2 weeks, I would be down over $200k and we aren’t even close of the correction phase downturn that is occurring or the geopolitical problems being ironed out. If you think everything is going great, stay in.
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Total return numbers provided came from Fidelity and cross checked with Merrill Lynch, which matched closely.
This thread was a request for high yield funds. High yield funds aren’t an equal comparison to stock performance. ANGL is a portion of the fixed income assets in my portfolio. A 50 (stocks) / 30 (bonds) / 20 (cash) mix has always worked for me. Some years stocks do (much) better, some years bonds do better. ANGL has just been a good provider of consistent, fairly safe income for me since 2016. It really doesn’t matter to me what the price was on a given day, it's the averages published by data providers that are relevant.
You may be right about a forthcoming, extended correction, but that is why I hold steady income providers, cash and short-term bonds along with long term equity holdings. Rebounds often happen too quickly.
OP, I also hold JEPI and that has performed well also but the income is not as steady and Seeking Alpha has written it up as a fund that cannot sustain it’s dividend level. The fund indeed has recently had periods of lower dividends (dividends vary by month).