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IMO he's a totally reckless and arrogant dude and horrible CEO. I wouldn't touch anything he's involved in.
I'm afraid you may be right.
I'm tempted by the preferred issue STRC, paying 11.5%, supposedly engineered to keep the share price between $99 - $100
but then I see that the preferred etf, PFFA pays almost 10% with broad diversification and none of the iffy-ness.
Those STRC preferreds look tasty but imo they're a giant ponzi scheme he uses so he can lever up the company further buy purchasing even more bitcoin. Reckless investment vehicles with tantalizing yields.
I'm tempted by the preferred issue STRC, paying 11.5%, supposedly engineered to keep the share price between $99 - $100
but then I see that the preferred etf, PFFA pays almost 10% with broad diversification and none of the iffy-ness.
11.5% and the share price is "engineered" to stay steady?
I immediately think "too good to be true". Might work for a while, I'd want to be first out the door.
income is one thing, but I always consider total return first. PFFA is -1.23 YTD. And has a 5-yr return of 7.52%. That certainly seems much more realistic. And we are talking about 5 pretty good years overall.
You want big income? Look at Pimco CEFs right now. The share price is not steady, may even go down from here, but they are "cheap" and producing big income.
Look at PDO, PFN. Those premiums just keep shrinking. They might be worth keeping an eye upon. They are cheap historically.
I am making no recommendation, of course. My point is akin to, "you have to pay to play". Funds that throw off a lot of cash, often cannot maintain a stable value.
PDO is distributing 11.7%, with a premium of 2.34%. If it drops a couple more percent... PFN is also trading close to NAV.
They are not for everybody, but not likely to become a scam either.
Comments
Saylor established the Saylor Academy (saylor.org), a nonprofit providing free online education to over 2 million students worldwide.
In 2024, he settled a $40 million tax fraud lawsuit that is related to falsifying the state where he operates to other lower tax states.
IMO he's a totally reckless and arrogant dude and horrible CEO. I wouldn't touch anything he's involved in.
I'm afraid you may be right.
I'm tempted by the preferred issue STRC, paying 11.5%, supposedly engineered to keep the share price between $99 - $100
but then I see that the preferred etf, PFFA pays almost 10% with broad diversification and none of the iffy-ness.
I'm tempted by the preferred issue STRC, paying 11.5%, supposedly engineered to keep the share price between $99 - $100
but then I see that the preferred etf, PFFA pays almost 10% with broad diversification and none of the iffy-ness.
Those STRC preferreds look tasty but imo they're a giant ponzi scheme he uses so he can lever up the company further buy purchasing even more bitcoin. Reckless investment vehicles with tantalizing yields.
And a primary qualification for the current administration.
I immediately think "too good to be true". Might work for a while, I'd want to be first out the door.
income is one thing, but I always consider total return first. PFFA is -1.23 YTD. And has a 5-yr return of 7.52%. That certainly seems much more realistic. And we are talking about 5 pretty good years overall.
You want big income? Look at Pimco CEFs right now. The share price is not steady, may even go down from here, but they are "cheap" and producing big income.
I am making no recommendation, of course. My point is akin to, "you have to pay to play". Funds that throw off a lot of cash, often cannot maintain a stable value.
PDO is distributing 11.7%, with a premium of 2.34%. If it drops a couple more percent...
PFN is also trading close to NAV.
They are not for everybody, but not likely to become a scam either.