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  • Cohen & Steers Closed-End Opportunity Fund: Is This The Right Market To Buy This CEF?  [View article]
    Gregg, it would be hard for me to consider a fund where I pay 1 to 1.5% for assets under management and within that pay about the same amount for the funds within the fund. Sometimes the 1. to 1.5% of AUM does not sound like much, however, looking at the financials for most CEF's I find the fee amount is equal to 10-15% (some cases even more) of income and that starts sound like serious money. My justification for owning a closed in fund is that the leverage will earn adequate income to pay for the management fee.
    Feb 10, 2016. 05:53 PM | 1 Like Like |Link to Comment
  • BTT: An Outstanding Muni CEF  [View article]
    Too many folks do not understand ROC, destructive or non-destructive. For me, the easiest way is to track NAV. If the distribution is the result of cash flow--not net income, it is non-destructive. And thus the NAV is neutral.
    Feb 10, 2016. 02:36 PM | Likes Like |Link to Comment
  • BTT: An Outstanding Muni CEF  [View article]
    what is the 'iron condor' never ever heard of that
    Feb 10, 2016. 02:30 PM | Likes Like |Link to Comment
  • World Government 10-Year Bond Comparison  [View article]
    sumoman, very good information--thanks
    Feb 10, 2016. 10:54 AM | Likes Like |Link to Comment
  • John Hancock Premium Dividend Fund: Sleep Well, Collect Distribution Checks  [View article]
    PDT--they have 32% in equity holdings mostly in financials which are 40% of their portfolio. That should tell us why the fund is going down with the overall market. And, we are not at the bottom, and if the Fed does continue raising rates, there likely is more down yet to come for the fund.
    Feb 10, 2016. 10:41 AM | Likes Like |Link to Comment
  • John Hancock Premium Dividend Fund: Sleep Well, Collect Distribution Checks  [View article]
    jliggitt, I am long PDT based upon what I saw in CEFconnect. However, that was awhile ago. You may want to look at the financials for each fund and see if there is anything important. Let us know what you find, please.
    Feb 10, 2016. 10:28 AM | Likes Like |Link to Comment
  • Guggenheim Build America Bond Managed Duration Trust: A Fund That Holds A, AA And AAA Bonds And Yields 7.44%  [View article]
    I am long BBN and GBAB since mid January 2016 for all the reasons you discuss in your article. BBN is up and up almost everyday, GBAB is now heading down, including one big 3.5% drop. I too went to their web site and I can't find a reason. But, someone 'big' knows something so as to create a big sell. If you do locate a reason would you please signal us with a comment in your article. PS, if were Fed funds concern, that would hit all BBN's, I assume.
    Feb 10, 2016. 10:22 AM | Likes Like |Link to Comment
  • JPMorgan: Negative rates could go deeper than thought  [View news story]
    Hubert, loosing money to negative rates is not 'safe' in my view. How about just cash? We are now in the most screwed up economic mess in my life time.
    Feb 10, 2016. 09:52 AM | Likes Like |Link to Comment
  • John Hancock Premium Dividend Fund: Sleep Well, Collect Distribution Checks  [View article]
    Gregg, you can see in your article's comment section the misunderstanding of ROC. The abbreviation ROC seems to be a do not go for some folks who do not understand. I suspect they would like to hear your comments on this subject.
    Feb 9, 2016. 05:33 PM | Likes Like |Link to Comment
  • Muni Bonds Have Performed Well In Volatile Times  [View article]
    StayOn, the bonds I mention are CEF and can be studied at CEFConnect. Yur wait should be over by summer. You will then have a great buying opportunity for all the cash. Gold is dead money.
    Feb 9, 2016. 05:09 PM | 1 Like Like |Link to Comment
  • The Housing Market Is A Re-Inflated Price Bubble Ready To Pop, Here's Why  [View article]
    In spite of the recent movie The Big Short, sub-prime will return and will be bundled and away we go again.
    Feb 9, 2016. 04:47 PM | 1 Like Like |Link to Comment
  • Demand For Safe-Haven Bonds Surged Last Week  [View article]
    Why Gayle, US munis are not going to default,--yet.
    Feb 9, 2016. 04:41 PM | Likes Like |Link to Comment
  • Muni Bonds Have Performed Well In Volatile Times  [View article]
    John. that is about 10 years from now.
    Feb 6, 2016. 12:55 PM | 2 Likes Like |Link to Comment
  • Junk Bond CEFs In 2016: Even Worse Than 2015?  [View article]
    Vanguard, VWEAX, may be worth consideration. Their portfolio is loaded with B bonds. Yield is modest at around 6%. Yes, it is mutual and everything is sold and repurchased at NAV. The fund is down during the past 12 months, but much less then many CEF's.
    Feb 6, 2016. 12:47 PM | Likes Like |Link to Comment
  • CBRE Clarion Global Real Estate Income Fund: Only Half A World Away  [View article]
    Gregg, this market is since the December Fed meeting is a 'falling knife' and REITS are doing no better. Today we exceeded to low point. I am out of the equity market.
    Feb 5, 2016. 05:41 PM | Likes Like |Link to Comment
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