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  • Michael Lee
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  • AWP . Business . Closed-end fund . FHY . FSD . HQH . HQL . Investing . Market price . Mutual fund . NAV . Net asset value . Share price .

A myriad of closed end funds (CEFs) took a big hit this week on the back of concerns about the fiscal-cliff and possible tax increases. This CEF sell-off, however, has not been a result of an overall decrease in net asset values (NAV) and, therefore, may present a buying opportunity for many funds. (The net asset value of a CEF is the total value of all the securities in the fund divided by the number of shares and, therefore, represents…

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  • Michael Lee
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  • Apple . AT&T . Closed-end fund . LCC . MACD . National Youth Music Theatre . NYMT . Real estate investment trust . Stochastic . Stock . Support and resistance . Trade . US Airways Group .

Post election jitters and "fiscal cliff" fears are resulting in increased market volatility.  I still suggest staying in cash until markets show significant signs of stability.  Any and all picks listed below are intended as speculation only. Buy PEB: Pebblebrook Hotel Trust Profit target @ $24.00 or use a 6% trailing stop (see Strategy page). Protect from loss @ $20.50 or use trailing stop (mentioned above). Pebblebrook Hotel Trust (PEB), a real estate investment trust (REIT) is trading just above strong support…

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  • Michael Lee
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  • Apple Inc . CIBER . Closed-end fund . Fidelity National Information Services . MACD . NYSE Euronext . Price level . US Airways Group .

Buy NTC: Nuveen Connecticut Premium Income Municipal Fund Profit target @ $15.00 or use a 6% trailing stop (see Strategy page). Protect from loss @ $14.20 or use trailing stop (mentioned above). Nuveen Connecticut Premium Income Municipal Fund (NTC), a closed-end fund (CEF), is trading within a strong, up-trending price channel and is currently near horizontal support at $14.20.  Stochastic and MACD are mixed but support looks strong.  This may be a good choice for those looking for monthly income as NTC…

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  • Michael Lee
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  • CEF . Closed-end fund . Exchange-traded fund . FSD . Funds . GOF . HHY . High-yield debt . Investment . Investor . Mutual fund . NCV . NCZ . PGP . PHT .

With the significantly negative market performance that surrounded our last election, investors are acutely aware of a potential increase in market volatility as the days pass by. Though the factors that affected our markets in 2008 are significantly less of a concern this time around, safer, well diversified investments are, in my opinion, becoming very attractive as this year's election approaches. In a search for safety and diversity, many closed-end funds (CEF) can offer both; as well as a consistent…

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  • Michael Lee
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  • Closed-end fund . Exchange-traded fund . Gold exchange-traded product . Income trust . International Astronomical Union . IShares . Net asset value . SPDR Gold Shares .

After breaking above resistance earlier this year, gold has been using the $1,560.00 price level as support and has resisted falling below this level numerous times over the past few months. The commodity is currently lingering around this price, keeping gold investors on their toes.   Similarly, related ETFs like iShares Gold Trust (IAU) and SPDR Gold Shares (GLD) have also been teetering along relative support. As I enjoy the occasional closed-end fund (CEF) investment for their diversification and frequent…

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  • Michael Lee
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  • Business . Closed-end fund . Exchange-traded fund . Investing . Mutual fund . NAV . Net asset value . Trade .

I am a value investor and, when investing in stocks, I often seek out companies that appear undervalued. Closed-end fund (CEF) values can often be found in a similar fashion. The net asset value (NAV) of a CEF is the total value of all the securities in the fund divided by the number of shares and, therefore, represents the true current value of the fund. The market price of the fund, however, often varies from the NAV. When the fund's…

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  • Michael Lee
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  • Business . CEF . Closed-end fund . Exchange-traded fund . Funds . Income . Investing . Investor . Mutual fund . Net asset value .

The theoretical safety and predictability of mutual funds has, at times, attracted the conservative investor in me. But the actual transaction, unlike buying and selling stocks or ETFs, always left me wanting more excitement, more involvement. Closed-end funds (CEF), with their mutual fund-like management and their equity-like tradability, offer, in my opinion, a wonderful option for conservative, yet actively involved investors, like me. As CEFs pay out before-tax distributions to investors, they are also a great choice for those looking…

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  • Michael Lee
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  • Business . Closed-end fund . Equity (finance) . Funds . Investing . P/B ratio . Real estate . Real estate investment trust .

Many undervalued equities have been performing significantly well in this, what appears to be, very optimistic month of January. I have, in this vein, continued to target high-yielding equities with strong returns, low price to book ratios; and those that otherwise appear undervalued... Read the full article at http://seekingalpha.com/article/322709-15-equities-yielding-10-and-selling-under-book-value-part-i-reits. Read the full series: 15 Equities Yielding 10%+ And Selling Under Book Value, Part I: REITs 15 Equities Yielding 10%+ And Selling Under Book Value, Part II: Closed-End Funds 15 Equities…

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