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  • Closed-End Target Date Muni Bond Funds Have A Good Yield And Low Interest Rate Risk [View article]
    I've always been a bit fuzzy re some of the nuances of these target date funds. Thanks for the article and informative comments.
    Nov 14, 2015. 12:31 PM | Likes Like |Link to Comment
  • A Rising Tide Lifts All Floaters - Or Does It? [View article]
    Several memorable quotes re investing and the stock market are attributable to Mark Twain. The above isn't one of them.

    "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it." -- Will Rogers
    Nov 9, 2015. 12:54 PM | Likes Like |Link to Comment
  • Retirement Frontline: No Social Security COLA, No Interest, Now No File And Suspend [View article]
    Oh yeah, click on the video on top/left -- Senior Citizens will be deported.

    BTW, I'm in the club.
    Nov 7, 2015. 01:00 PM | Likes Like |Link to Comment
  • Retirement Frontline: No Social Security COLA, No Interest, Now No File And Suspend [View article]


    Just trying to lighten it up....
    Nov 7, 2015. 12:44 PM | Likes Like |Link to Comment
  • Tax-Free Income From Municipal Bond CEFs [View article]
    Your take on these funds pretty much mirrors mine. I thought I might be missing something about them. Thanks for the reply.
    Oct 16, 2015. 10:10 AM | Likes Like |Link to Comment
  • Tax-Free Income From Municipal Bond CEFs [View article]
    LB, have you ever looked into the defined term funds, e.g., the Guggenheim Bulletshares (ETFs) or the Municipal Term Trusts from Blackrock (CEFs) ? I, for one, find it difficult to figure which, if any, represent good value. The Term Trusts hope to return $15 at maturity, below the current market price. And, looking under the hood, can one determine if the funds can meet that goal ?

    There have been articles on SA about them, but most just sidestep these issues.
    Might be a good exercise (hint hint). A caveat is that the Blackrock issues can be thinly traded.
    Oct 15, 2015. 03:34 PM | Likes Like |Link to Comment
  • Earn Big Yields In The 'Sweet Spot' Of The American Economy [View article]
    Have a look at FGB -- First Trust Specialty Finance CEF. I traded out of it when it popped up to a premium following a positive Barron's article just over a year ago, but I did reestablish a partial position during the recent August pain.

    FGB is not limited to BDCs, but they do comprise most of the fund's portfolio of 42 issues. The fund uses @19% leverage and recently upped its quarterly distribution, resulting in a current yield just north of 11%.

    Currently, FGB does trade at a small premium to NAV, but that could change.
    Oct 7, 2015. 09:38 AM | Likes Like |Link to Comment
  • Monthly Paying Closed-End Fund NRO Offers 8% Return [View article]
    Also worth a look is RFI, a sister fund of RQI from Cohen & Steers. The major difference is that RFI does not use leverage.
    Sep 18, 2015. 03:34 PM | Likes Like |Link to Comment
  • Royce Micro Cap Trust: A Tough Year, But Sticking To What It Knows [View article]
    That is absolutely correct. Here's a link to a table of the last 5 distributions:

    Scroll down to 'Distributions' near bottom of page.

    The big question with this fund is whether to trust your $$$ to a man who only wears bow ties.
    Sep 15, 2015. 04:40 PM | Likes Like |Link to Comment
  • CEF Strategies: Equity CEFs Back On Sale [View article]

    First, read all of Douglas Albo's articles and also those of John Cole Scott. The latter has not been active on SA lately, but many of his articles provide insight into the workings of CEFs. Others who write about CEFs are Reuben Gregg Brewer, Value and Income Insights, Steven Bavaria, John Dowdee, and Left Banker.

    But when it comes to equity CEFs, Mr. Albo is da man.
    Aug 25, 2015. 12:42 PM | 5 Likes Like |Link to Comment
  • Tax Free Income From Municipal Bond Closed End Funds [View article]
    " the advantage for CEFs on not having to liquidate holdings"

    Slightly off topic: Particularly true with Loan CEFs. Loans can be very illiquid.

    Great article. I appreciate the work involved in putting all this info together.
    Aug 21, 2015. 10:52 AM | Likes Like |Link to Comment
  • It's A Risk Adverse World Out There [View article]
    I'm no William Safire or Edwin Newman, but:

    BTW, for a great read on the use of languge, try "Authority and American Usage" by David Foster Wallace. It's from "Consider The Lobster and Other Essays", but it might also be available on the web.

    The use of "access" as a verb" ??? Nah.
    Aug 21, 2015. 10:08 AM | 3 Likes Like |Link to Comment
  • Take When The Market Gives - Income Opportunities, Part 5: REITs [View article]
    Jul 28, 2015. 11:31 AM | Likes Like |Link to Comment
  • Unloved In The Marketplace, Savvy Senior 'Income Growth' Portfolio Increases Cash Flow Payout [View article]
    "now that companies can move jobs - actually and virtually - all over the world. This will continue to keep wage inflation down in the United States for years to come."

    Technological advances will also keep wage inflation down. I have read of several examples where a handful of workers now do what once required hundreds, if not more.

    As for Babson Capital (MPV), keep in mind that its great performance over almost 3 decades was accomplished with a strong tail wind of declining interest rates. We shall see if management can adjust to a new rate environment.

    I've been watching UTG closely lately, but I still haven't pulled the trigger. Soon ?

    Thanks for another terrific article, Steve.
    Jul 28, 2015. 11:02 AM | Likes Like |Link to Comment
  • Why My Content Won't Go Premium  [View instapost]
    "Ditto to all the above."

    Jun 22, 2015. 12:52 PM | Likes Like |Link to Comment