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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: candsrr who wrote (59683)	5/11/2022 11:51:57 PM
From: Sun Tzu	4 Recommendations Recommended By ajtj99 candsrr oldbeachlvr towerdog Respond to of 97963

Closed end funds can trade at a deep discount or premium to their net asset value. So really there is no saying how it will behave. Dividends, when understood well, dampen the down slope. If I knew that these dividends are safe, I'd mortgage my house to buy it <g> But of course that is not the case, which is why it is trading the way it does. You really need to figure that out and have a look at the components. Then you can make a smart decision about it. You may want to have a look at SMHB. It can be understood easily: etf.com It is a 2x leveraged fund, but the leverage is set monthly rather than daily. This makes it more suitable for longer term holds. Given its present valuations, IMO, it is worth the risks for slowly increasing positions per the post you referred to. It's 4 year chart can tell you how bad it can get. Otherwise, you may want to consider QYLD, QYLG, or SPHD for various risk and income tolerances. ETF.com or ETFDB.com can provide some info regarding these funds. Whatever you choose, make sure that you read the prospectus and contact the company for any clarifications before investing in it. Good luck!