Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
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"And we know that all things work together for good to them that love God, to them who are the called according to his purpose." -- Rom. 8:28
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Thursday, November 1, 2018
PVL Is Not the Dog I Thought
I saw $.0071 per unit at $2.66. But that was a monthly dividend. It is yielding 14.8%. I just bought back my 500 shares at a lower price than I sold it for.
the market chaos is the greatest socialist practice in redistribution: someone looses, someone gains. In the last month I have lost some $50K in my IRA and Mutual funds. But that was only about 7% of its maximum value. And the market in the last three days has recovered almost $10K of that drop. Will we get another increase today to end the week, or will the market give everything back it gained.
Beware the wash sale rule when you do your taxes!
ReplyDeleteThanks. Never knew what it was. This will apply.
ReplyDeleteHmmm. .0071/month =~ .09/year. .09/2.66 =~ 3.3% yield. What am I missing?
ReplyDeletethe market chaos is the greatest socialist practice in redistribution: someone looses, someone gains. In the last month I have lost some $50K in my IRA and Mutual funds. But that was only about 7% of its maximum value. And the market in the last three days has recovered almost $10K of that drop. Will we get another increase today to end the week, or will the market give everything back it gained.
ReplyDeleteStan: not sure. The formal report says 14.6%, which is part of why I bought PVL.
ReplyDelete