Closed-End Funds
Never Buy Based on a Star Money Manager
Buying a fund due to the celebrity reputation of its manager is not a good idea. When I worked for a large brokerage internal wholesalers visited our office. Their job was to convince us to put our clients into house mutual funds. They would weave colorful stories about managers’ experience and track record. It made …
A Comprehensive Source for Closed-End Fund Information
CEF Connect is a well-constructed website dedicated to data on closed-end funds. It is sponsored by Nuveen and therefore ad-free. This is a smart move. Every time you go to their site you see the company name and they did it without adding layers of content from third-party marketing services. No registration is needed. There …
Positioning Managed Money in Your Portfolio
Adding fund products to investment strategy should be a carefully-weighed decision. They are useful. But they have management fees, and some have significant commissions. Make sure there is a good reason before agreeing to pay. Managed money works well for things an investor does not know much about. An example is options trading. Writing covered …