One advantage of lockdown is that there is all day to do not much.
Today AEG
The last 5 completed calendar years the NTA performance has been 10% pa. The slide into discounts has really hurt Total Shareholder Performance but the grossed up dividend has been good at 6.3%.
The paired long short strategy with the 5 X leverage is always going to produce volatility.
The above graph really shows the month to month volatility.
Have been a long term holder but I think I will be an opportunistic trader - buying at deep discounts and selling with a stop loss.
Interested to know what others think?
Cheers
