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   Non-TechCEF Closed End Fund Investing


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From: the traveler12/17/2020 3:43:17 PM
   of 52
 
testing, testing--why no post no more?

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To: the traveler who wrote (30)12/17/2020 3:48:03 PM
From: CusterInvestor
   of 52
 
Good point--it has been so long, I forgot I was the moderator.

I bought THQ this morning. Hesitant to chase in this market, but at the same time trying to gain some yield.

Any particular CEFs you are looking at?

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To: CusterInvestor who wrote (31)12/17/2020 3:49:18 PM
From: CusterInvestor
   of 52
 
There are so many CEFs, one of my biggest hurdles is trying to narrow the field. We need to eliminate the questionable choices.

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To: CusterInvestor who wrote (32)12/17/2020 7:52:27 PM
From: brehm233
1 Recommendation   of 52
 
You can reduce the field if
eliminate all selling at premium
eliminate all whose NAV is below ipo value
look only at 6+% yielders

fwiw

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To: CusterInvestor who wrote (31)12/17/2020 9:50:16 PM
From: the traveler
1 Recommendation   of 52
 
I have quite a few cef's but things are so high now nothing hits my buy list presently. Mainly use them for income--have held some for years at a time. Do trade from time to time though.

Currently holding--FAX, AWF, BIT, UTF, HIO, EOI, GHY, FFC, RQI, MFD, HIX, JPS, DFP, PCI, DSL

Have held initial buys in some of these many years. Good luck.

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To: brehm233 who wrote (33)12/17/2020 9:54:45 PM
From: the traveler
1 Recommendation   of 52
 
excellent--add to that a nice current discount to NAV and that's about all I do. I admit however, I am always looking for more yield.

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To: brehm233 who wrote (33)12/20/2020 12:01:34 PM
From: the traveler
   of 52
 
>>>You can reduce the field if
eliminate all selling at premium
eliminate all whose NAV is below ipo value
look only at 6+% yielders<<<


Do you have a screening tool that screens for the above criterion? In particular one that can eliminate cef's with NAV below IPO value?

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To: the traveler who wrote (36)12/20/2020 12:49:20 PM
From: brehm233
1 Recommendation   of 52
 
no, we just manually go through any we are interested in.
have not tried CEF screening tools, so dont know what is available...

good luck

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To: the traveler who wrote (36)12/20/2020 1:42:30 PM
From: CusterInvestor
2 Recommendations   of 52
 
I have started using this screener. It is some awkward to use, but when you select criteria, you can check more than one box. For example, I checked for monthly payers, selling at a discount (checking all the boxes from zero down), and paying 7 percent or higher. It provided a list of 72 funds.

cefconnect.com

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To: CusterInvestor who wrote (38)12/20/2020 10:39:14 PM
From: the traveler
   of 52
 
thanks--will check it out.

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