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What do you think of buying a closed end fund?

New York - Our buy-side research team generally avoid purchasing closed end mutual funds that trade at premiums; however, we are attracted to closed-end funds that trade below their net asset values.

In our view, closed end funds make sense for investors who can hold them for the long-term. Many closed-end mutual funds pay monthly distributions and provide income. Ultimately, discounts are closed and when the fund trades at a premium, we would recommend selling them. 

Source: For more information or to get connected to a FEE-ONLY financial adviser, money manager, CPA or Attorney, visit America's Favorite Independent Advisory Network at or 1800ADVISER.COM.