Replies to post #630 on Cornerstone Strategic Value Fund (CLM)

[bar1080]

I have cash and I make certain to pay off my credit cards in full before they are due. Sitting home about 23 hours a day, I'm spending almost nothing. My kids are all working still. Social Security Direct Deposit and I have become great pals.

Last month's credit card bills were the smallest I ever paid. My next CC bills will be much smaller yet. For fun/exercise I'm taking walks in the neighborhood, weather permitting.

Little question CEF (like CLM) asset values will plummet as I've been predicting. What I'm interested in how much they will fall into discounts. Some damn good CEFs are now trading at 15% discounts if you can trust the numbers. 35% discounts on quality CEFs are possible down the road. Junk CEFs may vanish.

Worries? Toilet paper and CV.