Yesterday Havelock calculated SDSTM as having an Annual Yield of 26.26%. If shutting down the fund and liquidating holdings has any logical rational with that performance what should I expect from HIM (8.00%), KCIM (13.64%), LABCO (6.04%) XBOND (15.21%)?
...Or is the yield calculator on Havelock Investments just fucking borked?
Is it time to race for the exits before "an orderly shutdown" begins on those other funds?
Unless it's been changed (unlikely, given it's a standard financial calculation), yield is calculated based on last share price and last dividend... APY = [(
Last Div) / (
Last Price)] * (
# of payments per year).
I'd also recommend reading through a potential investment's plan / prospectus / public thread before dumping your college savings into one of the riskier investments. There are plenty of people here who have already pointed out the serious flaws in this security. Though I agree that there's quite a bit to blame on Josh given his recent behavior, the vast majority of the blame falls to you since you were unable to do your due diligence. There's no reason to attack Havelock here.
Please illuminate me.
I'm not sure shining a light on you is going to help...though
enlightenment might.