Updated: July 15, 2019
The truth is, when it comes to CEFs, it’s easier to know when to buy than when to sell.
If the fund is well managed, has a strong track record, is deeply discounted in relation to net asset value, or NAV (another way of saying the underlying value of the fund’s portfolio) and has a relatively safe dividend, that CEF has already gone a significant distance toward being a buy.
Sell signs aren’t always as clear, but they’re still there. You just need to know what to look for.… Read more