“Why You Buy (or Sell): CEF Investing Tips” Investius Interview From 2014 Morningstar Investment Conference in Chicago
Well, traditionally we talk to people, the first level of knowledge we hope they can learn is how to buy funds at a relative value at reasonable yields with good manager performance.
Once they’ve mastered that, the next level we feel is more on the portfolio management side, for step one… making sure they’ve got the right size allocation, not over-weighting or under-weighting what they’re doing.
Step two might be looking at why you would sell a fund and why you would buy a fund. And if you look at a winner or a loser, we find some people …
Watch two minute video: http://investius.com/2014/07/25/cef-investing-tips/