Financial Freedom

GGN - Gamco Global Gold Trust Dividend History

GGN's (Gamco Global Gold & Natural Resources Trusts) dividend history is listed below. They have been paying stable dividends over the past few years. Though of course, past history is not indicative of future performance. Vested.

Ex Dividend Date Dividends

Jun 13, 2012

$0.14
May 14, 2012

$0.14

Apr 12, 2012

$0.14
Mar 14, 2012

$0.14
Feb 10, 2012

$0.14
Jan 12, 2012

$0.14
Dec 09, 2011

$0.14
Nov 10, 2011

$0.14
Oct 13, 2011

$0.14
Sep 14, 2011

$0.14
Aug 15, 2011

$0.14
Jul 13, 2011

$0.14
Jun 14, 2011

$0.14
May 12, 2011

$0.14
Apr 12, 2011

$0.14
Mar 15, 2011

$0.14
Feb 09, 2011

$0.14
Jan 12, 2011

$0.14
Dec 10, 2010

$0.14
Nov 10, 2010

$0.14
Oct 13, 2010

$0.14
Sep 14, 2010

$0.14
Aug 13, 2010

$0.14
Jul 14, 2010

$0.14
Jun 14, 2010

$0.14
May 13, 2010

$0.14
Apr 14, 2010

$0.14
Mar 15, 2010

$0.14
Feb 09, 2010

$0.14
Jan 12, 2010

$0.14
Dec 10, 2009

$0.14
Nov 10, 2009

$0.14
Oct 14, 2009

$0.14
Sep 14, 2009

$0.14
Aug 13, 2009

$0.14
Jul 15, 2009

$0.14
Jun 12, 2009

$0.14
May 12, 2009

$0.14
Apr 14, 2009

$0.14
Mar 13, 2009

$0.14
Feb 10, 2009

$0.14
Jan 13, 2009

$0.14
Dec 10, 2008

$0.14
Nov 10, 2008

$0.14
Oct 15, 2008

$0.14
Sep 12, 2008

$0.14
Aug 13, 2008

$0.14
Jul 15, 2008

$0.14
Jun 12, 2008

$0.14
May 13, 2008

$0.14
Apr 14, 2008

$0.14
Mar 13, 2008

$0.14
Feb 12, 2008

$0.14
Jan 14, 2008

$0.14
Dec 27, 2007

$0.25
Dec 10, 2007

$0.14
Nov 13, 2007

$0.14
Oct 15, 2007

$0.14
Sep 12, 2007

$0.14
Aug 15, 2007

$0.14
Jul 13, 2007

$0.14
Jun 13, 2007

$0.14
May 14, 2007

$0.14
Apr 12, 2007

$0.14
Mar 14, 2007

$0.14
Feb 09, 2007

$0.14
Jan 12, 2007

$0.14
Dec 27, 2006

$0.06
Dec 11, 2006

$0.14
Nov 13, 2006

$0.14
Oct 13, 2006

$0.14
Sep 13, 2006

$0.14
Aug 15, 2006

$0.14
Jul 13, 2006

$0.14
Jun 14, 2006

$0.14
May 12, 2006

$0.14
Apr 11, 2006

$0.14
Mar 15, 2006

$0.14
Feb 09, 2006

$0.14
Jan 12, 2006

$0.14
Dec 28, 2005

$0.18
Dec 13, 2005

$0.14
Nov 10, 2005

$0.14
Oct 13, 2005

$0.14
Sep 14, 2005

$0.14
Aug 15, 2005

$0.14
Jul 13, 2005

$0.14
Jun 14, 2005

$0.14

Crossed 300,000 Pageviews

Phew! This blog has crossed 300,000 pageviews. While other blogs easily cross that mark in a matter of months, it has taken this blog a solid few years to cross that mark. Or either that, Google must have tweaked something to reset my pageviews to zero when I started to notice my pageviews this year. Anyway, it has taken only less than half a year in the year 2012 to climb from 200,000 pageviews to 250,000 pageviews to finally over 300,000 pageviews.

I guess the next challenge will be to cross the half a million pageviews mark. At the rate things are going, I should cross that mark mid-2013. That will be amazing for me just as a personal achievement.

SAF Group Term Life Insurance Gives Rebates

Just received a letter not long ago from Aviva. It is basically a cash rebate of over $120 for my term insurance coverage under the SAF Group Term Life Plan. I really do enjoy getting this rebates as it reminds me again that this is probably one of the cheapest term insurance plans available to most Singaporeans.

Considering that my monthly premium is around $50, it means that I have gotten almost 2 months of free coverage! Insurance is a cost at the end of the day and where possible, it is always best to keep the cost as low as possible.

Query from Reader - $20K to Invest

I don't usually do this but I got a query from a reader recently asking me what safe instruments one could invest in that will provide a better return than fixed deposits (FD). Based on the sketchy information provided, here are the following facts that I got from the very brief email:

$20K cash
"Invest on something safe"
Earn more than FD (which I assume stands for fixed deposits).

Firstly, I think the reader must ask himself whether the $20K in cash is really spare cash. Has he/she set up an emergency fund of 6 months expenditure (or for the kiasu ones - 6 months income). Without questioning too much, I assume that he/she has already set aside money for an emergency fund and this is really SPARE cash to invest.

Secondly, I deduce that the reader is probably risk adverse. Capital protection is probably key to him/her. Stocks with their high volatility are perhaps not suited for everyone (even though I strongly recommend it to most people).

One of the few options I can think of is to invest in SGS bonds. That will give a better return than FD. However, at the same time, the returns from bonds are not spectacular at all (at least to me). Personally, I don't invest much in bonds (not directly anyway).

Any thoughts from other readers?

One Stock that Pays Monthly Dividends

Have been holding on to this stock that pays monthly dividends for a few months now. The stock is Gamco Global Gold & Natural Resources Trust (GGN). It pays a dividend of US$0.14 every month and is currently trading at US$13.69. After accounting for withholding tax rate of 30% (since I am not a US citizen), the dividends is slightly less. There are of course exchange rate fluctuations to account for too.

I just bought another 200 shares recently bringing my total holdings to 500 shares.

GGN is a close ended fund (CEF). The fund's objective is as follows:

The GAMCO Global Gold, Natural Resources & Income Trust by Gabelli is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. The Fund's secondary investment objective is to seek capital appreciation consistent with the Fund's strategy and its primary objective.

Under normal market conditions, the Fund will attempt to achieve its objectives by investing at least 80% of its assets in equity securities of companies principally engaged in the gold industry and the natural resources industries. The Fund will invest at least 25% of its assets in the equity securities of companies principally engaged in the exploration, mining, fabrication, processing, distribution or trading of gold or the financing, managing, controlling or operating of companies engaged in "gold-related" activities. In addition, the Fund will invest at least 25% of its assets in the equity securities of companies principally engaged in the exploration, production or distribution of natural resources, such as gas, oil, paper, food and agriculture, forestry products, metals and minerals as well as related transportation companies and equipment manufacturers

The dividends declaration for July, August and September 2012 also remains at US$0.14.

The distribution for July 2012 will be payable on July 24, 2012 to common shareholders of record on July 17, 2012.
The distribution for August 2012 will be payable on August 24, 2012 to common shareholders of record on August 17, 2012.
The distribution for September 2012 will be payable on September 21, 2012 to common shareholders of record on September 14, 2012.

Voltaire's Thoughts About Labour

Labour holds off three great evils: tedium, vice and poverty.

True?

Work as boring as it seems wards off tedium or boredom. Boredom can drive people mad. Imagine having no purpose in life and having absolutely nothing to do. So yes it does ward off tedium. But work can sometimes be boring too after a while.

Of vice, it does ward off to a certain extent. After all, it is during idleness that the children start disturbing the cats.

And with work, rightly should come some form of income. Thus one who works ought not to be poor.

Armour Residential REIT

Have bought 500 shares of ARMOUR Residential REIT (ARR). ARR pays out US$0.10 per month in dividends. Its current share price is around US$7.00