What do you have to say about this:
If I take 5% off the top, I have to take 5% off the bottom to have the same dividend yield.
my answer to that is that most of us are not investing on an annual timescale. We are investing on a monthly timescale, so that equation doesn't necessarily hold.If I take 5% off the top, I have to take 5% off the bottom to have the same dividend yield.
I gave you an example for a 1 month holding period with the 5% fee, and the overall value difference was 1.2%, if the gap didn't close and prices remained stable. If the gap closes (past performance), and you have a limited amount of BTC, then the TAT security will outperform the full AM-PT.
Interesting hypothesis. But here I'll speak for myself: usually the TAT price follows the full share price pretty close. Even if I'd be interesting to look at one month period, I'm pretty sure the TAT price will catch up with the other one in this period. So without any consideration for dividends, I'd buy them now. They will rise at least to catch the other... I just did a bit actually, with what I could afford.