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.
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 ...
Continue Reading →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 for annual, ...
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