PDI - Panic Selling Has Hit CEFs: Time For Some Bargain Hunting
For the first time in over a year, we are seeing the first signs of volatility. Many of our members have been clamoring about the lack of buying opportunities and becoming more and more frustrated. We have advocated keeping new cash invested but in either safe bucket assets (these are cash - plus) or open end fund substitutes until closed-end funds ("CEFs") became cheaper.
For the last year, volatility has been dormant. Hiding. Lurking. Trade friction with China. Impeachment. Russia. Ukraine. Iran. Federal Reserve. BBB-debt.
The wall of worry in the last year was endless.