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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: LemonHead who wrote (6939)2/26/1999 11:59:00 PM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Keith, There's a list of closed end bond funds in every week's BARRONS which will give you the NAV, the yield and the highs and lows for the period. These bond funds,because they are traded like stocks, will trade at a premium or discount to their Net Asset Value depending upon market conditions.

Down side is that the Net Asset Value (NAV) will drop when interest rates are rising. This means that you will be receiving dividends while the share price is dropping. However, if you are not intending to cash the shares in, this doesn't make a big difference.

Another slower form of down side is the slow erosion of dividend. If interest rates continue to drop over time, these long term bond funds need to lower their own yield since they have to roll over their own portfolios as they mature.

ACG and GSF as well as NUV and NPI all pay on a monthly basis, so they are very nice for income. Since shares are sold on the NYSE, the only minimums are what you impose upon yourself. You are buying shares of a stock just like any other stock except that this one pays you very handsomely.

Good luck with the first AIM meeting there in your home turf. Let me know if I can help.
Hope this helps,
Tom
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