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So, I sold RNDLX because it is not a total return fund. It distributes a good dividend but cannot maintain its NAV. Any alternatives that may hold up better while still distributing half decent income? Maybe not as high as RNDLX but 3% or higher would suffice.
@willmatt72 What about one of the dividend growth ETFs/funds? You will be getting in at a lower cost than several months ago and hopefully, will grow your income AND get a gain. Although remember, this tax loss selling season may be a bit brutal. Maybe better to wait till after December distributions are paid and get in even lower...at least that's what my crystal ball is telling me
RNDLX is a fine fund. It's had a bit of a down year because of the closed end allocation. The closed end space has been hurting this year. Expect out performance most years. And it is a "total return" fund, "The RiverNorth/DoubleLine Strategic Income Fund seeks to provide current income and overall total return."
It's been pretty smooth sailing for bonds up until this past year, and RNDLX failed compared with other "total return" funds such as MWTRX, TGLMX and DBLTX, all with a lower ER. I paid the higher ER for the CEF picks. I've picked a few of my own CEFs with better success than Galley and O'Neill this year.
@willmatt72 What about one of the dividend growth ETFs/funds? You will be getting in at a lower cost than several months ago and hopefully, will grow your income AND get a gain. Although remember, this tax loss selling season may be a bit brutal. Maybe better to wait till after December distributions are paid and get in even lower...at least that's what my crystal ball is telling me
PRDGX or VDIGX for domestic funds; VIG for domestic ETF's
PID for international dividend growth
I know there are others, as well...these are the ones that came to mind. Just thinking that this might be what you're looking for, if you can take more risk.
An individual bond would meet that requirement (at least until it matured and you had to roll it over), so long as you did not mark to market. That is, if you bought a bond, buried your head in the sand (ignored market price fluctuations), collected the constant coupons, and collected the principal upon maturity, you'd have an investment that provided steady income and did not lose or gain value over the life of the investment.
>> steady income yet not losing NAV or gaining due to capital appreciation?
Is this what anyone calls 'total return'?? Confused. What fund or etf does not lose nav or have any capital gains except for you-know-whats?
*M does a nice job of showing a fund's total return each year by separating income from capital return. They do it for stock funds and bond funds. At least they do show it for premium members. I happen to access the premium section through my local library.
PRDGX or VDIGX for domestic funds; VIG for domestic ETF's
PID for international dividend growth
I know there are others, as well...these are the ones that came to mind. Just thinking that this might be what you're looking for, if you can take more risk.
There are others here that know WAY more about funds and etfs than me and hopefully, they will jump into this thread. I think they all do basically the same thing, so you should probably look for low expenses, performance, domestic vs. international, and growth of the dividend. I own PRDGX and it's done okay.
Comments
PID for international dividend growth
I know there are others, as well...these are the ones that came to mind. Just thinking that this might be what you're looking for, if you can take more risk.
Is this what anyone calls 'total return'?? Confused. What fund or etf does not lose nav or have any capital gains except for you-know-whats?
A defined maturity bond fund should approximate the same behaviour.
http://www.aaii.com/journal/article/defined-maturity-funds-a-bond-alternative-with-compromises.touch
There are others here that know WAY more about funds and etfs than me and hopefully, they will jump into this thread. I think they all do basically the same thing, so you should probably look for low expenses, performance, domestic vs. international, and growth of the dividend. I own PRDGX and it's done okay.