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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: JSLyons who wrote (17250)11/8/2001 9:25:45 AM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hi Jonathan,
I'll give you my answer to the question you addressed to Steve as well.
ACG and RCS are two different CEFs that I use for income only. I like RCS even more than ACG. The dividend has never fluctuated at all. The only exception is that in two of the three years I have owned it they have thrown in an extra dividend every once in a while (three different occasions).
To answer your question to Steve:I also use REITs for income as well as AIM stocks. They give me a little bit of AIM action and I find the income they provide useful. With a 9% or so dividend I also try to avoid excessive selling. I accomplish this with a split safe. I set my Sell safe at 20 and my Buy safe at 10. This has given me buys with HR at prices of 15 to 16. I've also gotten to make some very profitable sales between 25 and 27, close to another at 28.50. With MMFs now at about 2% or a little less, I put about 75% of my Cash Reserve in the Preferred Stock of the REIT. This keeps my income from the REIT right between 8 and 10%.
The 20/10 safes makes my Sells more profitable. Since I only do this with higher income producing stocks I don't feel that it is introducing the subjectivity that AIM helps us to avoid.
Hope this helps.
Bernie
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