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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (33356)	10/5/1998 10:34:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

B, First, the disclaimer. I wouldn't recommend an aggressive growth stock fund here as it will be loaded with bloated internet stocks and junk like Dell and Cisco. But, if I were: I'd forget CEFs. There simply are none in this category. Or at least no decent ones. If I had a gun to my head, I'd probably buy T. Rowe Price Science and Technology. True, it is more of a sector fund, but most aggressive growth is going to be concentrated in this area. It has fairly low expenses, less than 1% and is no-load. But, without the gun, I wouldn't touch them. Shifting out of the big cap stocks would be like going from the frying pan to the fire, IMHO. I would much prefer a small cap value stock fund, ala Royce MicroCap (OTCM) or a large cap safety-first fund like Adams Express (ADX). MB

To: The Perfect Hedge who wrote (33356)	11/7/1998 4:58:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

BB and MB: re CEFs: A couple of good aggressive growth CEF funds are AMO and GAM. Their returns including dividends are astonishing. AMO is a hedge fund and moves into any market it can make a profit, and GAM is buying back shares. The ability of a CEF to kick out quarterly dividends for reinvestment, buy back shares and leverage its position with preferred offerings give a huge advantage over a mutual fund. Also you can can buy/sell, short-sell and stop-loss a CEF just like a stock. So it's probably a good choice for a mother-in-law. I constructed my core holdings with CEFs: DNP (utilities), RFI (REITs), RVT, OTCM, FUND (smallcap value), FT (bonds/utilities). OTCM and FUND should be kicking out their annual dividend in a few weeks, for anyone who chases dividends. The Mining Co site has the best CEF database. FWIW- Bonnie