Comments on Aaron Levitt's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/aaron-levitt/articles http://seekingalpha.com/article/83008/comments?source=feed#comment-429476 429476 Tue, 17 Mar 2009 13:57:39 -0400 http://seekingalpha.com/article/83008/comments?source=feed#comment-252721 252721 Fri, 12 Sep 2008 11:13:09 -0400 http://seekingalpha.com/article/83008/comments?source=feed#comment-207100 207100 Wed, 16 Jul 2008 14:34:56 -0400 http://seekingalpha.com/article/83008/comments?source=feed#comment-194721 194721 Sat, 28 Jun 2008 10:15:59 -0400 http://seekingalpha.com/article/83008/comments?source=feed#comment-194686 194686 Sat, 28 Jun 2008 09:25:02 -0400
Because it's labeled "optional" many brokerages can't handle it under the "do not reinvest" instructions. Make sure before you buy.]]> http://seekingalpha.com/article/83008/comments?source=feed#comment-194684 194684 Sat, 28 Jun 2008 09:18:18 -0400 RoudMan]]> http://seekingalpha.com/article/83008/comments?source=feed#comment-194609 194609 Sat, 28 Jun 2008 01:56:05 -0400 http://seekingalpha.com/article/83008/comments?source=feed#comment-194513 194513 Fri, 27 Jun 2008 19:22:13 -0400
But, you must ask yourself, "What is the true value of a stock or fund, or anything else, for that matter?"; it may have some verifiable intrinsic financial basis, that the majority of people may never know, but you can be sure that the "price" is what we all get to pay, and oftentimes the "price" (governed very often by hype and other questionable influences) has very little to do with the "value". Not to sound overly metaphysical, but we value and price assets (intrinsic and otherwise) in the United States in U.S. Dollars, but what is a U.S. Dollar worth? We don't know that, so how can we be expected to know the "value" of things denominated in it? I wager that the "value" of a piece of bread and a glass of water in the middle of the desert, after you have been forced to "fast" for a week, is worth all the gold bars you have in your backpack; back at the oasis, the price is far less.

The bottom line: It really does not matter much whether a Closed-End Fund is trading at a discount or a premium to its Net Asset Value, because it is all a matter of what you and others are willing to pay for the shares, and that attitude can turn on a dime (see MXE between July and September, 2007); the fund's price in relation to the prices of the fund's underlying stocks is just a talking point, but also throws a little mystery into the equation... your profit or loss will still be governed by the difference between what you paid and what you received when you liquidated. You have to pay attention to the Market sentiment for whatever issue you own, and attempt to trade it in whatever range it currently fluctuates. Of course, if the CEF was trading at a nice discount, and the fund was suddenly "Open-Ended" by management, then the price of the shares would instantly equal the price of the NAV, and that might give you cause for celebration, even with a Dollar in as deplorable state as it is today.]]> http://seekingalpha.com/article/83008/comments?source=feed#comment-194246 194246 Fri, 27 Jun 2008 11:49:05 -0400
For a good benchmark of a globally diversified large cap CEF that really performs just look at ticker RCP on the London exchange - it's the Rothschild Investment Trust and is a security which can comfortably be one's largest holding (it actually carries a premium - for good reason ! )]]> http://seekingalpha.com/article/83008/comments?source=feed#comment-194056 194056 Fri, 27 Jun 2008 09:37:50 -0400 http://seekingalpha.com/article/83008/comments?source=feed#comment-194001 194001 Fri, 27 Jun 2008 09:04:09 -0400
However, the risk with CEFs trading at a discount to NAV is apparent if you look at CAF's trading over the last 6 months or so: www.etfconnect.com/sel...

The China A-shares CEF spent many months trading at a discount of over 20%, topping 30% at a point. However, that gap has now closed to approximately 5% as Chinese markets have sold off. Needless to say anyone holding the fund through that time has not done well, and the discount is now no longer impressive enough to warrant holding it.

This of course may not be relevant to the CEFs you mention as they may not be 'market-specific' enough, as CAF is, to warrant such a precipitous sell-off and narrowing of their respective discounts.]]> http://seekingalpha.com/article/52813/comments?source=feed#comment-173923 173923 Mon, 26 May 2008 08:05:29 -0400 Hallo this is craze is it not? You put money in the Bank, it gets interest yet you are chaged ladger fee, And here somebody keeps your money and earn enterest.I feel American are sleeping that they don't bank / invest in this Beautiful Bank.is it that The intial shares are so high that one cant doss in$ 25 intial capital.Have a good development day.
Maseno B.Cleophas
Box 261 code 50400
Busia-Kenya.
East Africa
]]> http://seekingalpha.com/article/52813/comments?source=feed#comment-173919 173919 Mon, 26 May 2008 07:51:49 -0400 Maseno B Cleophas
Box261
Busia kenya
East Africa]]>