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Re: Firecalc slays a strawman, deceives many
Old 08-16-2004, 12:49 PM   #41
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Re: Firecalc slays a strawman, deceives many

Mario sent me a blurb the other day - that yield is too high for a utilities fund - until I figure out how he's doing it - I'd be cautious. Morningstar gives them 5 stars - that's often the kiss of death - especially for a Boglehead like me.

I bought his closed end convert in 93 - yielding 12-16% in prior years - it subsequently underperformed for the next ten - still got it - 15.75% yield on original $ plus reinvested div.s - ok for income - but my balanced index beat it for the last ten yrs - NOW going forward??

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Old 08-16-2004, 01:31 PM   #42
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Re: Firecalc slays a strawman, deceives many
Old 08-16-2004, 03:44 PM   #43 Founder
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Re: Firecalc slays a strawman, deceives many

Heh - I've pretty much given up on picking, even with funds.

When The Motley Fool was saying to look ONLY at index funds, they deviated for a while , and recommended the IPS Millenium Fund, at

I bought when that article appeared. The next 3 years performance? Minus 23%, minus 42%, and minus 28%.

It will take a LONG time for that one to return to the mean!
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Old 11-30-2010, 12:23 PM   #44
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Originally Posted by Gonzo View Post
I have found a fund Gabelli Utlities AAA "GABUX" that has a 10.77% yield but also a 2.00% expense ratio. Any comments on this fund and how it may be used in ER. If this yield would continue it appears it could provide a SWR of plus 4%.
Old thread, but I was looking at GABUX and after doing some DD, decided to take some gains I had in a little E&P company and put it here. After about 6 years from quoted post, GABUX is still outperforming its benchmark utility index, even when considering that most of the distribution it pays is a Return of Capital, the fund NAV hangs tough. Yes its down, but not by nearly the $4 or so it has paid in distros. I was really looking for a Junk Bond Fund, but with interest rates likely heading North, I decided to look elsewhere. I intend to reinvest distro and am holding it in my Roth.

Wonder if this is the oldest reply to a previously posted message?
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Old 11-30-2010, 02:33 PM   #45
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Wow, that is an OLD thread. Good for you to find it in your research, JimnJana!
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Old 11-30-2010, 02:41 PM   #46
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Some classic ho-suck in this thread, though thankfully not of the extreme verbose variety. Wab, Bob Smith, Dory, CT, TH (before the bunny), even intercst. Ah, the good ol' days...
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Old 11-30-2010, 03:14 PM   #47
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Sheesh these type of threads always confuse the hell out of me until I finally figure out to look at the dates of the posts.

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