Remember someone bragging about PONAX being " PONAX is the best of the best for income funds"?

[-hh]

Well, there's Good news to report:

PONAX closed above $10/share (just barely) for a second day.

Nevermind that that brag was from back when it was ~$12/share
(a 17% loss) & nevermind that its current yield YTD is +2.92%.

Golly, perhaps someone could have done much better financially by buying
an 8% Annuity back in 2021...?

-hh

[-hh]

Post by -hh
PONAX closed above $10/share (just barely) for a second day.
Nevermind that that brag was from back when it was ~$12/share
(a 17% loss) & nevermind that its current yield YTD is +2.92%.
Golly, perhaps someone could have done much better financially by buying
an 8% Annuity back in 2021...?

Well, its been nearly another fiscal quarter, and the Market's in a "Santa Claus" rally,
so how's it going?

<https://www.google.com/finance/quote/PONAX:MUTF

Looks like yesterday's close was $10.58 ... only 4% lower for those who bailed at $11.
But the good news is that at this price, the YTD return has been 5.60% .. just slightly
better than what FDIC-insured CDs are offering without any loss in capital, if one ignores
the fund's 1.02% expense ratio. And of course that's also nearly 3 full percentage points
(or 4 points after the expense ratio) lower than someone's Annuity for those who are
interested in that risk-reduction-vs-ROI math aspect.

And of course, someone else has not been sharing their monthly "big winner!"
Market speculations for over a year now, which is just illustrating that these which
were claimed were mere anomalies, not reliable/typical investor performance.

-hh

[-hh]

Post by -hh

Post by -hh
PONAX closed above $10/share (just barely) for a second day.
Nevermind that that brag was from back when it was ~$12/share
(a 17% loss) & nevermind that its current yield YTD is +2.92%.
Golly, perhaps someone could have done much better financially by buying
an 8% Annuity back in 2021...?

Well, its been nearly another fiscal quarter, and the Market's in a "Santa
Claus" rally, so how's it going?
<https://www.google.com/finance/quote/PONAX:MUTF
Looks like yesterday's close was $10.58 ... only 4% lower for those who bailed at $11.
But the good news is that at this price, the YTD return has been 5.60% .. just slightly
better than what FDIC-insured CDs are offering without any loss in capital, if one ignores
the fund's 1.02% expense ratio. And of course that's also nearly 3 full
percentage points
(or 4 points after the expense ratio) lower than someone's Annuity for those who are
interested in that risk-reduction-vs-ROI math aspect.

And its been another month where PONAX is at $10.54, which is below $11/share
when ’someone’ bailed.

And looking at yield performance...

https://finance.yahoo.com/quote/PONAX?p=PONAX&.tsrc=fin-srch

...that says 5.82%. Granted, that’s better than a contemporary 5.25% CD by
~0.6% or so, but in counterpoint, the CD has no loss of principle risk. YMMV for if the risk-reward difference is worth just that 10% difference in yields.

Post by -hh
And of course, someone else has not been sharing their monthly "big winner!"
Market speculations for over a year now, which is just illustrating that these
which were claimed were mere anomalies, not reliable/typical investor performance.
-hh

For which ‘someone’ has been conspicuously silent about for a quite long
time now.
It would appear that they’re no longer even trying to sing about
‘multi-‘ anything status.

-hh