JNK averages around 7% yield, paid monthly. I am really not expecting any capital appreciation here - just a steady yield.
I intend to hold this for a very long time - so the price chart is not important. Hopefully when I exit this position, I will exit at the same price I went in at. What is important is the dividend history - and here it is - a steady monthly payout at a reasonable rate.
With this trade, my level of available, investable cash is declining rapidly. I now only have 2 units left in Dali. As I like to keep a trade order of minimum 1 unit, I can take short term positions in only two stocks now. Not a bad thing - just that I might come across opportunities and might not have any cash to take advantage of them.
We are talking Da Vinci, so of course, we can't run away from Mona Lisa for too long:
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