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bar1080

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bar1080

Re: lesgetrich post# 182

Sunday, 09/28/2014 11:46:34 PM

Sunday, September 28, 2014 11:46:34 PM

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GOF went public in 2007 and collapsed 60% by 2009. Leveraged. Sells for a 9% premium now. Largest holding (7%) is SPDR S&P 500 Index ETF.
http://www.cefconnect.com/Details/Summary.aspx?Ticker=GOF

Looks like it's mostly a bond fund with some stock ETFs. I wouldn't pay a premium for it... not with its high management fees.

Another gimmicky MONTHLY div fund targeting retirees. It will do decently in some markets and tank in others, as it did in 2009.

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