Alpine Total Dynamic Dividend CEF (AOD)

[LORTAP KCOTS]

obviously you don't understand AODs complex investment strategies, and the resulting long term total loss of investor principle.
It's easy to say this makes you money every month, I saw that to, at first, and then after that I would say look at the gains in stock price... How can you go wrong?
Well... what you ignore is the simple math(truth) of the long term investment, which is a compounding total loss.
the simplest explanation will be,
you can't see it today, but someday sooner than you will expect, you will get a 50% haircut in the share price due to a haircut in the non-sustainable dividend...
This stock started out at $20 with a .18/month dividend, and 4X more principle than exists today to invest/leverage with..
Alpine has only been successful at bleeding the principle since inception, ROC is what you get every month, and the cost is almost $2(net real cost) for every $1 you get in return...
I know that sounds like a basher, but I'm not. I just choose not to ignore the real numbers.
that being said...
I think you are safe for now, because this usually trades at a premium to NAV, and right now its at a discount, this got a big haircut every time it traded at a high premium, so i'd say just keep an eye on the NAV/Share price ratio...