Sifu Boon on the roll today! Attacks TF and TTB.. 😆

I never owned either AA or I capital, so I don't hold any beef..

AA: I follow Warren Buffet old advice, never invest in airline stocks. Weirdly, he didn't follow his own advice and now suffered billions of losses.

ICapital: This close end fund doesn't make sense to me. It's like investing in a unit trust with the disadvantage that it trades at a huge discount to NAV and no way for investors to arbitrage that discount. This is different than an ETF, where it's possible to swap the ETF units with the underlying assets, off market.

However in the US, there are close end funds which look interesting. Close end funds there tend to invest in income assets and they have a high dividend payout ratio. Sort of like a reit. Many also boost up their assets by using some leverage. So, with the combination of leverage and discount to NAV, it's not unusual to find double digit % dividends per anum. It's high risk, but at least, it's interesting.

But this iCap doesn't even pay dividends regularly. So I have never bothered about it.