Quote:
Originally Posted by retiredguy123
As far as the investment potential, I don't see any advantage to the investor in buying a closed end fund versus an open ended fund.
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I just explained the advantage for some of these funds - If the closed end fund is trading at a discount to its Net Asset Value, you can buy a dollar's worth of stocks for less than a dollar.
The risk is time - you don't know how long it will take for the market value to adjust to NAV, if it ever does. All investments have risks.