Replies to post #473 on Cornerstone Strategic Value Fund (CLM)

[bar1080]

Since you've seen my years of posts you know I'm scrupulously honest. I never buy pennies or fad junk like MJ or BITC, and I often bash bad stocks. My investing style is utterly consistent... buy/hold quality.

"Claiming it pays a 18-20% dividend is a flat out Bogus claim!"

Yep, but they dance around that often by calling it a payout or distribution or whatever. I prefer rigid GAAP terminology, rather than the product of some marketing department. Cornerstone funds are "bogus."

When I'm in doubt (often) I always think... What would Warren do?

[bar1080]

Where did you see that? "the SEC is cracking down on these funds and requiring them to do so."

Too bad some of these gimmick funds are so complicated that most investors will never understand them, and their risks. In bull markets investors aren't concerned about risk; in bad markets, it's too late to get to safety.

Seen it many times over decades.