Protected Principal Retirement Strategy: MIN Update
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MIN vs. ETF Alternatives
Wednesday, May 111:56 AMMorningstar's Steven Pikelny calls on three closed-end income funds - MIN, PHK, and KMM - to cut their distributions, noting none consistently come close to actually earning their payout. By itself, that's not a no-no as shareholders can reinvest the distribution back into the fund. But when the fund trades at a premium to NAV - as all 3 of these do - such reinvestment leaves the shareholder worse off. |Wednesday, May 111:56 AM| 2 Comments
Wednesday, Mar 172010, 2:12 PMBottom line, if you're getting 5% yield in a 0% world, you are taking risk, Roger Nusbaum says on today's livechat. He's positioning the fixed-income portion of clients' portfolios with short-term high quality corporate issues; short term sovereign debt from Norway, Australia and Denmark; some bank preferreds; and MFS Intermediate Income Trust (MIN). |Wednesday, Mar 172010, 2:12 PM| 1 Comment
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