Seeking Alpha

jse17 » Comments » ACG

  • Timing the Addition of a CEF to Your Portfolio [View article]
    Nicely discounted CEFs are one of the few venues where the “little guy” has a fighting chance. The low volume of most CEFs precludes hyperactive Hedge Fund manipulation and significant discounts more than offset active management fees.

    BTW, a few CEFs actually have lower management fees than some of the newer, more avant- garde ETFs e.g., ADX and PEO. One of the classic, investor friendly CEF plays is buying ADX at a current 17% discount and vicariously purchasing PEO, the fund’s largest holding, at an additional 17% discount. The combined management fee for both funds is approximately 1.1%. (To quote the Rappers, “Can’t beat that!”)

    I enjoy Gary’s work and look forward to his posts. Best of luck to all.
    Dec 15 09:21 am |Rating: +4 0 |Link to Comment
More on ACG by jse17
Comments by Ticker
AAPL, AAUKY.PK, ABB, ABX, ACG, ACI, ADE, ADX, AEM, AIB, ANR, AONE, ATI, AUY, AXP, AXPW.OB, BA, BAC, BASFY.PK, BAX, BBT, BCO, BCS, BGC, BGR, BHI, BHP, BIF, BIK, BK, BLU, BMO, BNS, BRE, BRK.A, BRK.B, BTU, BWX, BZM, C, CAFI, CCJ, CDE, CH, CHK, CHP, CLH, CM, CMA, CMI,
jse17's
Comments Stats
138 comments
Rating: 74 (183 - 109 )