NOIEX, ‘Northern Income Equity Fund’, Has Been Basically Flat In The 3 Weeks Since The HUGE Distribution.
a/ Sticking with BJBHX till 2015.
b/ BJBHX has decent December 2013.
c/ Uncontrollable Infatuation With BJBHX.
d/ BJBHX: I Bailed With Regret 2013.
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So NOEIX since the distribution is down $0.02 on the NAV. That is 0.16%.
For that same period the S&P is down 0.80%.
So if ANYTHING NOIEX has held is own.
I promised that I will track NOIEX during the early part of the year. Well, I am doing just that. The market as you know has been crazy. Basically going sideways in fluctuations. I have not changed my positions in NOIEX. That will keep both Fidelity and NOIEX happy. They can’t accuse me of short-term or excessive trading in NOIEX. I will again have a hard look at it around the 24th, after the January dividend and the ECB rate decisions. The market should, with luck, have found some direction by then,
So for now, I will just sit tight, unless, of course, you have something definitely more promising than NOIEX in which to stick that cash.