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chuckar

chuckar
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  • Is It Safe? Leveraged Fund Of (Closed-End) Funds Is Paying 18% [View article]
    Many of the underlying CEF pay a large percentage of their dividends in the form of return of capital. Therefore CEFL doubles this amount and delivers it to the investor as ordinary income. The return of capital lowers the NAV. Therefore the investor is accumulating a capital loss but paying tax on ordinary income.
    Apr 10 12:43 AM | 1 Like Like |Link to Comment
  • LMP Corporate Loan CEF Is On Sale [View article]
    George,

    I hear you and understand the logic, but I think you are picking up nickels in front of a steam roller.
    Jul 30 10:13 PM | Likes Like |Link to Comment
  • LMP Corporate Loan CEF Is On Sale [View article]
    User 427801, You don't have to go back to the depression to see 2008 discounts. We had them in 2001, 1987, and 1974. Once a decade we get the defining moment in closed-end funds, the period that defines a decade's performance and you throw it out of your investment model. Well that's what makes the world go around.
    Jul 30 10:12 PM | Likes Like |Link to Comment
  • GDX In Focus [View article]
    Dave,

    This is your old buddy Roger Wilson / Northwest Quadrant. Send me an email so we can make contact. roger@sunvalleyadvisor... or call me at 208-928-7590

    Roger
    Jun 6 11:56 PM | Likes Like |Link to Comment
  • LMP Corporate Loan CEF Is On Sale [View article]
    George,
    30 to 40% discounts in 2008 were gold mines not land mines. When discounts are small, like 6%, why not stick to ETF's and open end funds, thereby avoiding the chance of a big discount developing?
    Roger/Chuckar
    Jun 5 12:42 AM | Likes Like |Link to Comment
  • LMP Corporate Loan CEF Is On Sale [View article]
    George
    I find it almost humorous that you talk of z-statistics and how a 6% discount is attractive. Maybe you had another profession in 2008 when TLI traded at a 40% discount to NAV.

    Roger
    Jun 1 09:14 PM | Likes Like |Link to Comment
  • Investing in High Dividend Yielding Asset Management Stocks [View article]
    IFN is a closed end fund and therefore does not have a p/e ratio. Your dividend info is total wrong. Stop publishing garbage.
    May 17 01:27 AM | Likes Like |Link to Comment
  • Global Income Fund's Undeserved Discount [View article]
    If one looks at the discount history of the cefs that GIFD owns they are a lot closer to their smallest discount than to their largest. Most of the cefs are trading at less than a 10% discount. A few of the funds like DCA and RIF trade at 13% and 18% discounts, but they are junk funds that have traded at 40% discounts in bear markets. Buying the double discount built into GIFD sounds nice till one considers you could get a double increasing discount. Since the cefs are closer to their smallest discount GIFD has a lot risk. In the past GIFD has traded at NAV so there is a chance for profit.
    Mar 29 01:37 AM | Likes Like |Link to Comment
  • Global Income Fund's Undeserved Discount [View article]
    Most of the closed end funds that GIFD owns are not trading at discounts. Some are even at premiums. The most dangerous then in the world, except for women, is a closed end fund trading at NAV. It has the potential to go to a deep discount. I bought GIFD at a 40% discount in Oct. 2008. Therefore the 62% invested in closed end funds cost you a double management fee and will one day trade at a larger discount than today.
    Mar 24 01:25 AM | 1 Like Like |Link to Comment
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