Today I am going to discuss a closed end fund composed of senior variable rate debt. music selection: “Poison” — Alice Cooper weigh-in: 221.8 (0.2) #loser We go back to Nuveen for another closed end fund. Nuveen Floating Rate Income
Buy Eaton Vance Floating-Rate Income Trust (EFT)
A little something for those seeking income without interest rate risk today. music selection: “Glycerine” — Bush The Eaton Vance floating rate trust is a closed end fund that invests in floating rate debt. If interest rates rise, so does
Buy Legg Mason Partners Income Trust – Western Asset Emerging Markets Debt Fund (ESD)
Today’s recommendation is to buy Legg Mason Partners Income Trust – Western Asset Emerging Markets Debt Fund (ESD). music selection: “Come Back” — Bon Jovi ESD is a closed end fund invested in government and corporate debt in emerging markets.
Three Closed End Bond Funds Trading Below NAV
The market is a little nervous lately. Time to talk about a safer investment: bonds. music selection: “Get It On” — T. Rex (You knew I’d choose it eventually) weigh-in: 227.2 (0.4) #loser I have three CEF bond issues for
Buy JPS for fixed income and preferred shares exposure
No options trades for me this week but I am planning to add some JPS two Monday’s from now with the proceeds from last month’s options contracts that are expiring worthless. music selection: “Youth Gone Wild” — Skid Row The
Portfolio Construction Part two of many
Monday I discussed the core of my strategy to generate income which is high yield stocks. Today I’m going to discuss the future trend towards more fixed income. music selection: “Heaven & Hell (live)” — Dio I have constructed a portfolio
Bond risk – use Closed End Funds (CEF)
Most investors will want some of their portfolio allocated to bonds. Doing so has been shown lowers volatility and increases average returns over time. Now is a dangerous time to be investing in bonds however. Interest rates are a record
Hold NIO Buy Nuveen AMT-Free Municipal Incom (NEA)
Raptors, I am updating guidance on NIO. NIO is now a HOLD as there is a better closed end municipal bond fund on offer. This one is from the same issuer. It pays the same yield. But it has a