Re: AINV closed end fund?
hmmmm...given how i worded my response that's a reasonable question. I guess I said conservative portfolio because it has a big dividend (although its taxable as ordinary income I believe). Also, we are in an environment right now with no hint of corporate credit problems. If evidence started to build that we were in a recession, or that the Fed would have to get more aggerssive with rates, its a sale.
The stock could definitely go to $18-19. Its highly unlikely it goes to $12 or so and I would say almost no chance it "blows up", i.e. you wake up one day soon and they miss earnings so badly it gaps down huge.
So those are your risks...interest rate, and credit. So in summary there are bad things that can happen over time, and I would say the stock has less than average risk and especially volatility.
But to be fair, its not super conservative.
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