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Originally Posted by Karadad
Run away! Bad advice!
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That’s what I thought, but I need specifics on why the advisor is advising CEFs.
This really is an “asking for a friend” question because a friend asked me. I have read several articles that define closed-end funds, but I keep circling back around to a big fat
WHY?
We cannot control the market, but we can control the expenses of investing.
Even though there are those who will say not to worry about expenses because it is “the fund” that is paying the expenses, I cannot get my head around that one because doesn’t the fund get the expense money from the investor?
Boomer