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Strategies & Market Trends : Young and Older Folk Portfolio
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To: macbolan who wrote (7805)8/10/2024 6:07:13 AM
From: jritz0  Read Replies (1) of 21937
 
" I don't know, if I start seeing one of the CEFs I hold changing its distribution monthly like an ETF or Mutual fund, I may have to get out of it. Unless it keeps getting adjusted up that is.... :-)"

I don't have a problem with distributions changing from month to month. Usually when I get the distribution change notice from SSD the yearly difference is trivial. That is different from a CEF that cuts a distribution 20- 30%. I don't know what fund you saw that changes monthly but I'm sure I don't own it. I would assume it wasn't an equity CEF.

You are keeping yourself from investing is some very good ETFs with a policy like that. Do you make an exception for Money Market funds? I would think the MM funds changing their distribution monthly would bother someone more because of the more immediate need for the funds. I guess someone can lock their money up in short term CDs but basically the same can happen when repurchasing for a 1-6 month CD.

I was going to comment further but it looks like SQ asked the question about keeping the nav at reasonable rate as opposed to letting it diminish 20-40% then making a substantial cut.

Now, go load up on all the Blackrock funds that are subject to the R.O. and except the offer to generate a little alpha. :)
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