NobodysFool666

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NobodysFool666 replied to the Ask A Foolish Question board. 7:09 PM

Re: NPY, Again

Charlie, I'm glad that your comments weren't directed at me personally but I must admit it was difficult for me to assess. You and I are not too unlike - we both speak our minds. Your goal is "excellence for its own sake" whereas my goal [more]

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NobodysFool666 replied to the Ask A Foolish Question board. 6:18 PM

Re: What to do w/ $125k short-term?

There are also some nice preferred stock ETF's, e.g. PGX, PFF, etc. that pay monthly yields approximating a 6% annual rate. Also sensitive to interest rates but over a 2-4 month period interest rates don't look to be changing too rapidly and if there [more]

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NobodysFool666 replied to the Ask A Foolish Question board. 1:00 PM

Re: NPY, Again

Good chart. Absolutely - based on this chart it appears that the issue with NPY is not with NPY. So I guess I can shake off just a bit of the chastising I have undergone as a result of seeking some assistance by Asking a Foolish Question:) [more]

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NobodysFool666 replied to the Ask A Foolish Question board. 1:07 PM

Re: Why is NPY Crashing?

Wow, you are way ahead of me:) But I'm glad someone else thought that the change in the share was dramatic because it came out of nowhere and caught me by surprise. And I am very appreciative of everyone's thoughts on this issue because I'm a 63-year [more]

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NobodysFool666 replied to the Ask A Foolish Question board. 2:36 PM

Re: Nuveen NPY Fund

Thanks:) I also have a considerable amount of MAIN. These dividends (and those from Realty Income) are ordinary taxable income; whereas the NPY is tax-free interest at an even greater yield. Consequently I would rather have the NPY if I can better [more]

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NobodysFool666 replied to the Ask A Foolish Question board. 8:11 PM

Re: Nuveen NPY Fund

Thanks for your thoughts - you are probably correct.

I bought these shares for $12.68 in January 2011 when the 10-year Treasury rate was +/- 3.44%. Between that date and 2/28/2013 they increased to $15.09 - slow but steady while yielding [more]

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NobodysFool666 posted to the Ask A Foolish Question board. 4:08 PM

Nuveen NPY Fund

I must admit when I bought into this two years ago I did not 100% understand how these sort of closed-end funds work. The fund invests in Pennsylvania Municipal Bonds and is still selling at a discount. The investment has worked great for more than [more]