Replies to post #421 on Alpine Total Dynamic Dividend CEF (AOD)

[bar1080]

Lortap, I'm guessing the broker who sold him AOD at $20 is now trying to convince him that was actually a smart buy even with shares now at $4.23!

--
Quote: "I just love getting that nickel and a half"

Don't get too used to it, Keyscruiser. The current 5 1/2 cent distribution will probably soon go the way of the 12 cent distribution from 2009 and the 18 cent distribution from 2008.

BTW, calling it a "dividend" isn't proper. The correct term--the one Alpine often uses-- is a "distribution."
http://www.alpinefunds.com/default.asp?P=856340&S=857562

[keyscruiser]

You will have to talk to TD Ameritrade about their math, and the checks they send me every month. As far as the share price loss, that's the advantage of monthly dollar cost averaging, a lesson learned from Warren Buffett, Dave Ramsey, and Jim Cramer. I own several etf's, and have never been concerned about the fees. They may affect the PPS, but not the dividends. If a part of the dividends is ROC, and I re-invest them through the DRIP plan, then I've made my point, AOD has returned my capital.

I doubt if AOD will do a RS. If they do, the dividend may also increase. BTW, I'm not young and dumb any more, just older and wiser!