Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 09-21-2008, 11:51 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Quote:
Originally Posted by clifp View Post
Ha Ha I am curious about ADX, long track record low expense but what makes it special?
Nothing other than long record, low expenses, high quality blue chip holdings, and a discount that is higher than usual for it.

As most of my investing is research intensive, here I wanted a passive holding that I wouldn't have to think about. Also, there is real power over time in a large discount married to a low expense ratio.

Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-23-2008, 11:08 PM   #22
Thinks s/he gets paid by the post
 
Join Date: Jun 2004
Location: E. Wash
Posts: 1,060
Wanted to "restart" this thread to see what kind of wisdom about closed end funds, the current market debacle suggests. I did a quick run through of some utility closed end funds and saw a lot high discounts and attractive yields.
Given the overall market collapse, shouldn't high dividend, blue chip closed end funds at a discount be even more attractive??
Thanks for your expert input
nwsteve
__________________

__________________
nwsteve is offline   Reply With Quote
Old 10-25-2008, 08:51 AM   #23
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Quote:
Originally Posted by nwsteve View Post
Wanted to "restart" this thread to see what kind of wisdom about closed end funds, the current market debacle suggests. I did a quick run through of some utility closed end funds and saw a lot high discounts and attractive yields.
Given the overall market collapse, shouldn't high dividend, blue chip closed end funds at a discount be even more attractive??
Thanks for your expert input
nwsteve
Hi NWSteve. Not an expert but I will share what trends I have noticed or followed. Seems like CEF usually sell off at the end of the year and has been a good time to buy from my past experiences - maybe due to tax season - + throw in the volatility kicker you might be able to get some real good bargains.

There seem to be a lot of attractive discounts out there now.

Even muni CEFs have fallen dramatically and B Gross has recommended some not too long ago.

Bill Gates' Cascade investment vehicle has been buying huge amounts of Western Claymore Inflation Linked CEFs.

Blackrock has a couple dividend focused CEFs that offer low exp ratios, little to no leverage and are based on the Mergent Dividend list - BDV & BDT.

GIM - one that Brewer has recommended - is @ a discount for those looking for international fixed income exposure.

The one I still think is solid is SOR by FPA (First Pacific). Discount is now 10%+. The fund mgr has been doing some insider buys recently. They have avoided the financial sector completely pre-collapse and seem to be holding some pretty solid, growing companies. Nice thing also is that they post Q reports and share their analysis for buying each position. IMO you get a pretty good shop's investment guidance for a reasonable price as their active funds have exp ratios of 1.30+.
__________________

__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Do you guys use Closed End Funds? Olav23 FIRE and Money 8 10-13-2009 12:22 PM
Closed-end Funds wildcat Stock Picking and Market Strategy 3 09-25-2007 01:05 PM
John Hancock Closed End Funds Dawg52 Stock Picking and Market Strategy 4 06-03-2007 07:08 PM
why not closed end funds? katfish FIRE and Money 4 04-08-2006 12:36 PM
Arbitrage closed-end funds and ETFs? Olav23 FIRE and Money 3 07-06-2005 09:37 PM

 

 
All times are GMT -6. The time now is 06:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.