Bosco & Crossy's stock picks,talk area Message Board

Sponsor

To: Crossy who wrote (37052)	3/13/2012 3:32:12 PM
From: Crossy	of 37378

re: Nyse: LCM (Advent Claymore Enhanced growth & Income fund) .. $10 this is yet another interesting leveraged convertible & high yield fund. These days, imho one of the best places to park your money as you get current income (around 8% per year), folio returns enhanced by leverage (20-30%) and you get exposure to the upside of the common shares of the companies in the funds' folio And unlike AGC and others, it is still at a substantial discount (around 10%) to NAV. Note - with most CEVs (close end funds), you can find out daily or at least weekly NAV of the respective fund by using the "pseudo-symbol": <X>+Symbol+<X> so, XLCMX fires up the daily NAV for the LCM convertible fund ! Here's the funds report card guggenheimfunds.com For LCM, around 2/3 of its portfolio are in convertible bonds and preferreds, the rest being common shares, warrants and high yield instuments guggenheimfunds.com all the best CROSSY