Hi, I was just wondering if you have ever dabbled into the closed end fund world. I was looking at ETFConnect - Home since I was thinking about investing in a muni bond fund, since I live in NY. Some of these things are leveraged out the wazoo and paying out 5%+ yields, in tax free interest.
Do you have a particular holding in any closed end funds? What is your experience? I realize they exhibit premiums and discounts in share price vs NAV, but besides that, what are the pros and cons?
Thanks!
Do you have a particular holding in any closed end funds? What is your experience? I realize they exhibit premiums and discounts in share price vs NAV, but besides that, what are the pros and cons?
Thanks!