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Stock impact report

The “Smart Money” Is Buying These 6%+ CEFs Trading At Discounts To NAV [Forbes]

Gabelli Dividend & Income Trust Common Shares of Beneficial Interest (GDV) 
US:NYSE Investor Relations: gabelli.com/funds/products/-114.html
Company Research Source: Forbes
That sets up some very attractive deals in 8%-paying closed-end funds (CEFs), many of which have gone on sale in the last few weeks. 2 “North Star” CEFs Show Us What to Do Now To get a feel for the setup in front of us, all we need to do is look at two things. First, the Atlanta Fed's GDPNow indicator, the most current economic “barometer” we have. In the recently completed third quarter, it's telling us the economy grew a solid 4% annualized. Cooking! Meantime, the “dumb money” is in full panic mode. Consider the CNN Fear & Greed index, a fairly reliable “investor mood ring”: Look, I get the bubble fears. But here's the thing: When you strip out tech and look at things on an equal-weight basis, the S&P 500 is only up about 7% this year. To put that in context, the index has returned around 10% annualized since 1957. So that 7.2% figure isn't much of a worry. This is why we want to steer clear of an index fund like the SPDR S&P 500 ETF (SPY) and go with a CEF instead: The Show less Read more
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