Friday, September 11, 2015

Today's Junk Bagholder Fractal Adventure!

Click to enlarge.

Click to enlarge.

Which chart shows the 5-year history and which one shows the 1-day history? You'll have to look closely to solve the mystery! Behold the power of fractals!!

In all seriousness, who knew that chasing a "sure thing" high yield in a closed end fund with a huge premium over net asset value could be so risky? It's down another 12% since I wrote about it just 9 days ago.

It's the junk bagholder improbable investment machine gift that just keeps on giving. Let's check to see how morale is holding up.

September 11, 2015
disaster and criminal

Why? it is not Pimco at blame (or mostly not..) - it is the PHK buyers and holders who chose to ignore risks and pay 40-5-6- and 70% above NAV for no logical reason whatsoever.

In my opinion, the Pimco High Income Fund is/was the poster child for "risk on" at any price.

This is not investment advice. As a retiree who values sleep, I have no desire to be a junk bond speculator. I'll leave that to the professionals.

See Also:
Junk Bagholders
Mister Peabody's Improbable Investment Machine

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