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Of course, there is no guarantee that history will repeat itself. But the past may give one confidence in that oft-quoted observation that it’s difficult to predict the direction of the next hundred points in the S&P 500 Index, but you can be more assured in guessing what the intermediate- and long-term direction of the next thousand points will be. (SeekingAlpha.com)


Update: We did not get filled but we are keeping the buy order open. The price spiked up this morning.

May 5, 2020. Keep in mind this blog is intended for those seeking income. Also remember you have heightened risk in anything you buy during these turbulent times. Here is a new buy and we suggest you start with ONE HALF of 1% of your portfolio.

Go to the Factsheet link below for details. Note BIT is a leveraged closed end fund and therefore represents heightened risk. Also note that the next ex-div date is May 14.


Multi-Sector Income Trust (BIT) Paying over 11%


BlackRock Multi-Sector Income Trust’s (BIT) (the ‘Trust’) primary investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its assets in loan and debt instruments and other investments with similar economic characteristics. The Trust may invest directly in such securities or synthetically through the use of derivatives.

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