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History Buff 24/7

History Buff 24/7
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  • Alpine's Total Dynamic Dividend Fund: Overdosing on Financial Engineering [View article]
    I have owned AOD in the past, and actually made money on it (probably just a matter of lucky timing, never underestimate the power of luck when it comes to investment success). One of my brothers has also owned it from time to time, I don't know what his track record is with it, but he has made the comment that, irrespective of the long term viability of its payout ratio, that it gets disproportionately slammed if the market sells off. That of course leads into the question of what good is it holding a dividend stock when you can lose several months worth of dividends from one bad day in the market (with no guarantee of getting that money back)?

    BTW, those of you who are blaming Dan for your problems with the stock need to heed a quote from Shakespeare: "The fault, dear Brutus, is not in our stars, but in ourselves" or in this case, AOD. I don't think enough people read Seeking Alpha for one of his articles to have the kind of effect you seem to think it had.
    Jun 23, 2010. 03:32 AM | 7 Likes Like |Link to Comment
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