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Strategies & Market Trends : Closed End Mutual Funds..HQH

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To: Thomas M. who wrote (11)5/1/1998 9:37:00 PM
From: James F. Hopkins  Read Replies (2) of 38
 
If we are going to talk Closed end Funds here is a hand full of Hot
ones. I put HQH on the end , to compare to.
quote.yahoo.com
There are 6 that if you take a look at the dividend and add it
to total you will find every one beat the S&P 500 for the year.
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It's also this dividend that make them a lot less risky, as if
the market does take a tumble you will be making some money.
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AS for super hot over 5 years.
quote.yahoo.com
And don't cut the dividend short or make little of it...
while it's running about 10% now at the price you would
have paid 5 years ago..that = 20% on original your investment
per year..
those three CEs have kicked the S&P by at least 50% or more
over the 5 year period thanks to the dividend..

I doubt you will find any open end funds that have a 5 yr track
record near that good. If you do I want to hear about them.
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Now I have not done all the work I need to do in CEs , so if
any I posted look interesting, do some leg work and dig up some more
data on them and pass on what you find.
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I don't want any CE that don't pay a dividend of some sort, at
least a small one. There are Open Ended Mutual Funds that buy
CE funds but often they are restricted from buying anything that does not have any dividend.
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Also A good healthy dividend kills short sellers..as they have to
pay that dividend any time they are short on ex date.
If the market tanks a CE with out a dividend is much more
likely to get shorted, than one that's paying a dividend.
I also like the ones that pay monthly for that same reason.
-----------------
Jim
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