hbakhshi
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The NAV in several Investment Trusts I hold seems to have gone from discount to Premiums of between 2% and 7%.
Is this something to worry about? Will they crash back down to par or is this something that tends to happen gradually over time?
I'm used to them all operating at a small discount to NAV and I don't really want to sell, but I am wondering if I should cash in now and then buy back if they crash.
My timeline is many years (10+), so its not as if I need the money straight away, its just a strange situation. Occasionally one of two will go positive, but now its 7 out of 10 that I hold and I've never seen that before.
At the moment, I'm sitting on growth of 15% this year, which is another thing making me nervous, if I cash in, then the money will just sit in the account.
Is this something to worry about? Will they crash back down to par or is this something that tends to happen gradually over time?
I'm used to them all operating at a small discount to NAV and I don't really want to sell, but I am wondering if I should cash in now and then buy back if they crash.
My timeline is many years (10+), so its not as if I need the money straight away, its just a strange situation. Occasionally one of two will go positive, but now its 7 out of 10 that I hold and I've never seen that before.
At the moment, I'm sitting on growth of 15% this year, which is another thing making me nervous, if I cash in, then the money will just sit in the account.
