Margolin recommends two closed-end funds: ING Prime Rate Trust and Van Kampen Senior Income Trust.
We also excluded non-U.S. stocks, blind pools, real estate investment trusts, limited partnerships and closed-end funds.
"I don't think a portfolio of just closed-end funds is realistic or useful, " he declares.
All else being equal, stick with closed-end funds selling at discounts to net asset value.
The silver lining was many closed-end funds fell 50%, presenting a golden opportunity for RiverNorth.
FORBES: RiverNorth Profits From Clueless Closed-End Mutual Fund Investors
Schmucker hired Galley in 2004, and the two began trading closed-end funds for their clients.
FORBES: RiverNorth Profits From Clueless Closed-End Mutual Fund Investors
Now, closed-end funds by any stretch, you want to get walked, you want to get a single.
What one is impressed by are the yields that are available from municipal bonds, particularly the closed-end funds.
Certain closed-end funds were little more than pyramid schemes, and certain equities were run up to unrealistic levels.
After all, this is what happens with closed-end funds: Realized portfolio gains are not passed through to shareholders.
You can avoid loads by using closed-end funds, though you will have to pay regular stock brokerage fees.
Our second portfolio contains closed-end funds that are trading at the steepest discounts to their net asset value.
Closed-end funds are taxed as equities while precious metal ETFs are taxed as commodities at a higher rate.
FORBES: A Canadian Closed-End Gold And Silver Fund With A Tax Break
SuperUnits traded on an exchange similar to the way closed-end funds would trade.
Patrick Galley : Closed-end funds are a unique investment vehicle because most of them have yield associated with them.
One is to invest in closed-end funds that trade at the highest absolute discount from their net asset value.
Typically, when two closed-end funds merge, their joint expense ratios should decline because of the resulting economies of scale.
Shares in closed-end funds are traded on exchanges and can be above or, more often, below the net-asset value.
Special Offer: Trade foreign currency proxies, specific emerging markets and even global income securities with ETFs and closed-end funds.
FORBES: Euro Weakens As Bailout Fever Grips Europa From Iberia To Italia
Denver-based Marketocracy member Gary Tucker specializes in buying the American Depositary Receipts (ADRs) of overseas companies, exchange-traded funds and closed-end funds.
To that extent, high-yield closed-end funds today are trading at a premium.
There is such a thing as a free lunch, sometimes, and it's closed-end funds trading at big discounts to net-asset value.
But unlike closed-end funds, if SuperUnits developed a discount to its underlying securities value, then institutional investors could arbitrage the units and profit risk-free.
But roughly three dozen closed-end funds have "managed distributions" like Cornerstone's, seeking to pay out a flat rate of income regardless of market returns.
WSJ: The Intelligent Investor: Yields So High, They Can't Be for Real
The big discounts are a function of one of the attractive elements of closed-end funds: managers are not forced to sell when times get tough.
In the December 12 article Profit Now From January Effect, I recommended two closed-end funds, one of which was the Royce Value Trust ( RVT).
Herzfeld Advisors purchased high-yield and loan participation closed-end funds at discounts of more than 30.0%, because the prices hit rock-bottom during intraday trading, said Gondor.
Such income producing strategies may include bonds, dividend paying equities, mutual funds, closed-end funds, exchange-traded funds ( ETFs) and unit investment trusts (UITs), to name a few.
FORBES: Why The Fed May Have To Break Its Pledge And Raise Interest Rates Before 2015
The best site I have found for data on closed-end funds is the Closed End Fund Center, and I have inserted their data into this chart.
It's a type of security that has been around since Congress created a new class of closed-end funds in 1980 that allows individuals to tap into private-equity deals.
应用推荐