babyboomer47

1 Comment

    • ON: Mon Apr 28th 20:08 PM
      Commented on:
      Calamos Convertible Opportunities CEF: Down but Not Out
      I currently hold CHI, CGO, and CSQ. The author of this article talks as if the current price of the ETF reflects the health of the fund. It is the underlying NAV that really matters. Anyone who buys an ETF at 20% above NAV is really speculating instead of investing for income (which is the purpose of these funds). One should never exceed 5% above, and it is best to actually buy at or below the NAV as long as the health of the fund is good. The NAV's are listed under XCHIX, XCGOX, and XCSQX. I sold CHI when it was 15% above, and bought back in when it was about equal to the NAV. Thanks to the speculators, I made a tidy sum.
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