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i'm not looking to argue with you, but i think you missed my point.Petsamo wrote:PHK trades like a stock, handles dividends like a stock. PHK is a bond fund. A certain % of bonds in the fund will fail, but in the aggregate, dividends are what matter.jarbo456 wrote:PHK drives it's high yield through lower grade credits and duration. most credit analysts will argue against holding duration risk at this point in time.Expense ratios don't matter to me. What matters is the gain (sell price minus buy price minus trading fees), and the actual dividends. Everything has an expense ratio, even a stock.jarbo456 wrote:anyone considering these types of "actively managed income focused bond funds" should take a look at their expense ratios which are quite high comparatively speaking.
You are technically correct, but in my opinion PHK can serve as a substitute for dividend stocks or bond funds.jarbo456 wrote:PHK and TLT are not even remotely similar.
Out of Bounds wrote:I'm watching your posts more carefully after that one statement. Spot on!jarbo456 wrote:
most credit analysts will argue against holding duration risk at this point in time.
Petsamo wrote:You are technically correct, but in my opinion PHK can serve as a substitute for dividend stocks or bond funds.jarbo456 wrote:PHK and TLT are not even remotely similar.
I'm willing to bet that PHK, being a fund, can use the same claim as gold sellers, "PHK has never been worth zero". PHK has an advantage, it gives very nice dividends.