BIF: Deep Discount On A Closed-End Fund Concentrated In Berkshire Hathaway

Summary

  • BIF is an interesting closed-end fund, though it won't be for everyone.
  • They mostly concentrate the portfolio in just a few top positions.
  • The distribution yield isn't necessarily that attractive either, for an income investor - though it is one way to get "income" from Berkshire.
  • Looking for a helping hand in the market? Members of CEF/ETF Income Laboratory get exclusive ideas and guidance to navigate any climate. Learn More »

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Written by Nick Ackerman, co-produced by Stanford Chemist

Boulder Growth & Income Fund (BIF) isn't a closed-end fund that is often discussed. The distribution yield on the fund is rather low and it

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This article was written by

Nick Ackerman profile picture
11.4K Followers
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields
Nick Ackerman is an avid student of the markets and has been investing in his own accounts for over 14 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.

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I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha.

Disclosure: I am/we are long JPM. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article was originally published to members of the CEF/ETF Income Laboratory on March 2nd, 2021.

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