I pumped and dumped a big load of PIV.
I bought BG at the day low. $51.6X....closed at $52.82. It's still an exceptional bargain.
Nibbled a bit at PFO. Goes ex-dividend 6/21 and also still a bargain.
I'm down 1 1/2% for the day. Still up over 5% for the quarter. LOW splits 2 for 1 on the 30th. Hope the price doesn't tank. Lowes is a good company. I may hold it for the long term.
OK, just looked at the S&P chart, and no damage was done with today's drop. The (short term) trend is still up.
Bought some Honeywell (HON), because the chart looks good, plus they supply parts to Boeing. With Airbus's delay problems, Boeing and their suppliers should benefit.....
Guys awhile ago I recommeded PFO and HPI. Good stuff if you are looking for protection from the market diving and want big pay outs.
Also look at FLC and FFC. All these sell at about 10% discount - I'm not sure where you can get a better deal. PFD is good but it sells at par or small (1-2%) premium - this maybe only because it's covered in Personal Finance on the "Income" list.
And lastly BEP is chugging along fine and threw out a $1.00 share dividend.
All these are June swoon summer fare....not any 15-50% return, but better than money market yield for X months.
I also read various newsletters, which have mentioned PFO and HPI, and PFD. BEP has been in the press and IBD.
Also to see an updated yield and NAV/share price (discount/premium) I like ETF Connect.
In all logistic trading aspects they are like stocks so use a discount broker.
I will say the only suck thing about these (closed end fund) funds is that you can't use the dividends to buy back shares like you can with open ended mutual funds. They just chuck out cash....well not chuck out...fork out...
I just put in an order for PFO for tomorrow... I havent really looked into many of these types of ETFs... and havent seen much of anything that I desire to buy in regular common stock.