Mafeking

PIMCO High Income Fund: Look to Swap Out

As someone else has posted please tell me about the amazingly safe 24% yield you mentioned. Are you putting together another Ponzi scheme?


On Jan 23 11:26 AM Aalan wrote:

> While the fund is absurdly overbought now, at the time of the interview
> (Jan 2) it was trading around 6.00, and had paid 1.463 in dividends,
> for a yield of 24%. The delay in publication made Gross's advice
> untimely. He may be a scoundrel, but he's not a liar.
>
> Of course, anyone who owns the fund now would do well to sell it
> for the premium. There are, amazingly, safer ways to get 24% yields!