Feb 25, 2020
1:18:48pm
1:18:48pm
I recall it vividly. I was with "Thank you Paine Webber" at the time.
The Friday before was no picnic.
If we ever have a day like that again, I know how to make a quick 10-15%. Buy closed end bond funds. Since they trade like a stock people sold them off. They went to 15-20% below their net asset value. Within a day or two when people figured they were a bond portfolio and the Fed cut rates, they were selling at or above Net Asset Value.
If we ever have a day like that again, I know how to make a quick 10-15%. Buy closed end bond funds. Since they trade like a stock people sold them off. They went to 15-20% below their net asset value. Within a day or two when people figured they were a bond portfolio and the Fed cut rates, they were selling at or above Net Asset Value.
Originally posted on Feb 25, 2020 at 1:18:48pm
Message modified by BYU71 on Feb 25, 2020 at 1:19:54pm
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