MIIF has been a rollercoaster ride for me, as I’ve seen it’s ups and downs ever since I bought it in 2008. From what seemed to be a crappy return on investment turned out to be roughly a 7% annualized return over the last 6 years! As to why I bought it back then? Well, it seemed like a pretty interesting security to hold – assets which are primarily infrastructure focused, and having a big name like Macquarie fronting it made me click on the “Buy” button. However, later on, I realized that it was a pretty bad investment. The reason why initially I thought it was a pretty bad investment was because the fund price kept dropping even though the dividend yield was pretty good, and I had to even “top-up” the initial investment along the way with some extra cash (and lint) I scrounged up from my pockets to average ......