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Been thinking (pondering) of adding a modest holding in a commodity strategy fund (PCLAX) to my hybrid income sleeve since commodities have been beaten up in the recent stock market swoon. My outlook is that PCLAX can turn a 25% to 35% gain over the next 12 months as it has had better than a 20% gain over the past 30 days. It's TTM dividend yield over the past twelve months = 3.3%; and, its current price is $3.64. I'm thinking that it can make it back to its 52 week high which is in the $5.00 range over the next year, or so.
I have owned this fund in the past and received some good payouts. Naturally, it is nice to buy it why it is on the floor. This spiff would be a position cost average one and not a bulk buy all in type purchase.
I'd welcome the comments of others about this thought.
If you have some thoughts on a good spiff position (to play) I'd be interest in hearing about it.
Old_Skeet
Mom and Pop is one of my favorite threads online since I was on Compuserve.@FD1000 - But you misunderstand. I’m not attaching “blame”. He just happened to be the guy standing watch when the ship began sinking. I still think it a convenient label. :)
Addendum: Attaching blame is difficult. Like I said, the virus provided the ignition. But investor buying habits, computer driven algorithms, debt, greed, fear, trade tensions and more played a part. Surely, you did not miss the NYT article posted here a day or two before the downturn began that “Mom and Pop investor” had returned to the markets “big time”. What a coincidence.
Maybe somebody else has time to dig that one up. A classic.
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