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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (6942)	2/27/1999 8:34:00 AM
From: D VanSwol	Read Replies (1) \| Respond to of 18928

>> 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. << Tom, Do you still own these closed end funds? I've never owned a closed end fund. The reason I ask is, like you, my current employer has decided they no longer wish to benefit from my knowledge and I will be joining the ranks of the unemployed. (I make more from my investments and independent consulting & writing custom s/w than they were paying me anyway.) I used to put most of my interest bearing money in Fidelity's Capital & Income fund, but they now charge a 1.5% load if money is withdrawn within one year. Also, I use Brown & Co. for my discount broker, but they don't allow me to hold regular mutual funds in my portfolio. Since closed end funds trade like stocks, Brown & Co. may allow me to buy them to use as my interest bearing account. TIA --DVS--