Sep. 5 at 12:23 PM
$LGI is one of my boring income CEFs, CAGR wise it's made 9.15% without reinvesting dividends. I've owned it 5.84 years making 9.37% trading around the dividend. It's underperformed the SPY, that being said, during the down years like 2020 and 2022 I would have had to sell more shares of SPY to maintain the same income. Plus my basis would be continually decreasing even in up years. That's something these calculators don't know, how would they compare if I took the same income from SPY by selling the additional shares (above the SPY dividend) to maintain income. The LGI number of shares would remain the same, the SPY shares would decrease.
