09-24-2015, 05:02 PM
(This post was last modified: 09-24-2015, 05:02 PM by Dividendsrule.)
Precisely. And if you want a more averaged breakdown of what happened year to year with your CEF, you can throw EVT into dividend-stocks.com. That shows you that there was a huge distribution cut followed by a freeze in 2009. It also shows you how the share price fluctuated, so even with high yields, it was wonky enough to give a poorer total return than the dividend stalwarts you mentioned above. For a young guy like yourself who has years to retirement (I am also young), I don't see any reason to hold CEFs for the long term.
My impressions is they can be effective trading vehicles (people do well buying them under NAV and selling when they hit or exceed NAV- I am completely uninterested in that strategy).
My impressions is they can be effective trading vehicles (people do well buying them under NAV and selling when they hit or exceed NAV- I am completely uninterested in that strategy).