I have been getting a lot of requests for information about what is going on with fixed-income and closed-end fund positions I have previously recommended. The markets have been confusing and modestly messy, but investors owning the securities in these portfolios have sailed through with flying colors.
This is the golden age of closed-end fund activism, and the returns have been extraordinary. While discounts have narrowed almost across the board, I am tracking several situations and expect more opportunities that fit our four-rule philosophy of closed-end fund discount arbitrage investing.
I also review fixed-income and preferred stocks recommendations and add a couple of new ones.
I will have a new service for investors who want or need to earn income from their investments without losing sleep worrying about stock meltdowns.
Of course, I will also have one for these investors who want to maximize the returns of their long-term portfolio by exposing those illiquid and inefficient corners of the market that Charlie Munger always told us were the best hunting ground for excess returns.
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