Two Alpine dividend funds (AOD -8.2%, AGD -12.6%) dive after slashing their monthly payouts by...

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MBehr55 Comments (94)
 
Got bit by this one.....should have heeded the guru warnings. May wait to sell to see if some of it recovers.
22 Jan, 10:44 AM Reply Like

jwill53 Comments (17)
 
Reduced my position a few weeks ago. Lost some money today but this will still be a good dividend payer. Some info in one article hinted at an effort being aimed at cap appreciation as well. I hold and see how it shakes out.
22 Jan, 11:16 AM Reply Like

BigOlDave Comments (355)
 
(AOD) is a good investment ...in theory. Harvesting dividends by moving funds in and out. Wish I could do it. I couldn't. So I bought AOD. Sold for loss in Feb 2012, and glad I did.

A wise man once said, "Where a tree falls, there will it lie."

I wouldn't touch an Alpine product.

Dave
22 Jan, 12:31 PM Reply Like

CaptainDK Comments (5)
 
In IRA can't even use the loss. Thanks Stifel another bust you put me in.
22 Jan, 12:46 PM Reply Like

simhai Comments (41)
 
was about to buy a big chunk on friday before the market close , essentialy waiting for a few cents drop in pps which did not happen .....

I feel very lucky and now i will have to stay away from it , probably for ever since the yield is too low !
22 Jan, 01:04 PM Reply Like

Charles A. Boy Jr. Comments (14)
 
Alpine also announced, last month, it will report dividends a month at a time no longer a quarter at a time. Combined with this, another 50% dividend drop in two short years, what's the use?
22 Jan, 04:20 PM Reply Like

Alphahog Comments (23)
 
If I had been reading Seeking Alpha, I would have stayed away from Alpine like they had the plague. The whole lot of them need to go. As it is, I am in so deep, I may as well hold it. The dividend harvest strategy appears to be extremely tricky to get right and is too tricky for these guys, apparently. I would like to see the fund adopt multiple strategies and to move away from the strategy that got them (and me) in such trouble. I would like to see Jim Rogers become the top investment advisor.
22 Jan, 06:47 PM Reply Like

BenWright Comments (8)
 
Hey, I got caught also. I just baught a mess of it thinking it would yield a good dividend. I will get a good dividend but I will probably loose more in aset value than I will make up on the dividend. I am going to hold until I gain my loss back which may take a while since the dividend was cut.
22 Jan, 08:01 PM Reply Like

GlowWorm Comments (25)
 
I sold Global and Total today, both at a (big) loss...
Remarkable: Global gave an extra dividend just this month... why was that? Push the price up for management to be ab
le to
sell?
This is a sad story...!

No Alpine for me ever again!
22 Jan, 08:06 PM Reply Like