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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: 8bits who wrote (29203)12/11/2007 3:36:51 AM
From: Paul Senior  Read Replies (1) | Respond to of 78959
 
Ha. Just what I asked for, and now that I look at it, I'm not so sure I want it. lol

HNW. Unique cef, great yield, below nav. What I asked for, and what you gave me. -g-

Jeez though, this thing has got bonds from a heck of a lot of companies I've never heard of:

us.pioneerinvestments.com

us.pioneerinvestments.com

The good thing about HNW is that I see enough to know I don't know what's what with HNW on many levels - either the companies, the definitions (e.g. CAT bond), the leverage techniques and/or the risks. So I see enough to understand that I ought to maybe avoid this one. (So I'll pass on this and PHD.)

The issue with some of the others I've bought maybe is that I didn't see what I didn't know. Such ignorance comes back to bite.

Anyway, I'm still hopeful I can buy and hold a good package of cefs that might do okay over time.