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Joe Eqcome
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Joe Eqcome is the pen name of Robert A. Frank, CFA, a Wall Street executive who has spent over 30 years as an investment professional. Mr. Frank is the founder of GrowthIncome Research & Management, LLC. GrowthIncome Research & Management, LLC’s business mission is focused on generating... More
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  • Eqcome Portfolios™ Weekly Review Changes 0 comments
    Dec 17, 2010 10:42 AM

    The weekly review chart (see below) of the Eqcome CEF Portfolio™ (CEFBig10™, CEFMuni10™ and CEFDisc10™) that appears on the Joe Eqcome website[1] has been adjusted in two significant ways.

    1.     Adjusted Returns: Due to the fact that a CEF must make periodical distributions, as required to meet regulatory and IRS requirements to qualify for its conduit status, a significant portion of a CEFs total return includes such distributions. As a result, the valuations going forward will include the prices adjusted for previously paid distributions during the measurement periods.  

    2.     Comparative Indices: Both the CEFBig10™ and CEFDisc10™ will be compared to the adjusted price of the SPDR S&P 500 ETF (NYSEARCA:SPY). The CEFMuni10™ will be compared to the adjusted price of the iShares S&P National AMT-Free Muni Bonds ETF (NYSEARCA:MUB).

    It is believed that these two modifications to the Eqcome CEF Portfolios™ will provide better performance comparisons of CEF fund types. 



    Joe Eqcome (Disclosure: Owns the Eqcome Portfolios)


    [1] www.joeeqcome.web.officelive.com

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