GlobalTrekker

2009 CEF Year-End Strategies, Part 1

There are also often, in this type of up-year-relative-to-past, plays on year-end cap-gains pay-outs for 2008 dogs up significantly but trading at wide discounts today. The payout reduces price and NAV equally at first, giving the investor a leveraged boost, provided, of course, there wasn't too much run-up prior to ex-date. This, too, is a risky strategy but does not expose your capital for too long. Main other drawbacks are tax consequences and recent loss-carry-forwards cannibalizing EOY pay-outs.

Disclosure: commenter owns at least small positions in every U.S. listed closed-end fund.

Three Most Impressive ETFs over Past Month

A little bit worrisome that a registered investment advisory would recommend a fund (ETW) based on its dividend without noting the huge percentage of the yield that is return of capital. This fund has underperformed the S&P since its inception a few years ago, so I'd take this advice under "advisement." Best to understand, first, what the dividends are comprised of, and second, what the ROC is comprised of.