Showing posts with label Alpine Funds. Show all posts
Showing posts with label Alpine Funds. Show all posts
May 9, 2010
AOD Alpine Total Dynamic Dividend - increase position at $8
Another opportunity created by the market correction. I'll probably double my current position in AOD if I can get in at $8.00 this week. I was much later into AOD than AGD, where my profit on 30% of the position was over 80%. Because of this I didn't take the profits as the market went up.
However, AOD actually has a higher dividend and a lower price, so pays now 12c every month as opposed to 11c each month on AGD. That doesn't sound like much, but it translates as 18% p/a in dividends alone.
If the market gets through Greece, Euro shock and BPs oil mess, and we see better jobs numbers, things may rebound, and perhaps we'll get 18% capital gains as well.
Look at the graph below showing the market corrections in February and May. I've included one of my favourite indicators - RSI (Relative Strength Indicator). When RSI hits 10 on the botton chart (red circles), thats one of my buy signals. When it hits 90 at the top of the chart, you think about sellling. It's not the final signal, I leave that to my gut. But its a more of a confirmation that the momentum is with you, and the wave is about to break.
However, AOD actually has a higher dividend and a lower price, so pays now 12c every month as opposed to 11c each month on AGD. That doesn't sound like much, but it translates as 18% p/a in dividends alone.
If the market gets through Greece, Euro shock and BPs oil mess, and we see better jobs numbers, things may rebound, and perhaps we'll get 18% capital gains as well.
Look at the graph below showing the market corrections in February and May. I've included one of my favourite indicators - RSI (Relative Strength Indicator). When RSI hits 10 on the botton chart (red circles), thats one of my buy signals. When it hits 90 at the top of the chart, you think about sellling. It's not the final signal, I leave that to my gut. But its a more of a confirmation that the momentum is with you, and the wave is about to break.
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