Voya Global Equity Dividend and Premium Opportunity Fund (IGD), formerly known as ING Global Dividend Fund, had been my primary CEF holding until recently.
- Period of accumulation: 8 years
- Highest price paid for each share: US$13.50
- Lowest price paid for each share: US$6.30
- Average price paid for each share: US$6.70
Tip💡It is important to average down your holding to keep it inline with the current price for capital protection. The best way to do this is to set aside your monthly savings and acquire new shares on a regular basis.
I spent the first few years holding on to my initial investment and watch anxiously as both share and dividend price drop steadily before I started to average down my holdings. When I sold my holding, I recovered my invested capital and made a little more; not including the dividends I collected over the 8 years plus and the appreciate of USD. In total, my ROI is somewhere around ~92%.
In my next post, I will talk about some of the resources I use to evaluate equity investment.
No comments:
Post a Comment