Replies to post #946 on insane dividends

[bar1080]

"The [CEF] Flash Crash You Missed" Not me!

http://www.fool.com/investing/mutual-funds/2012/11/19/the-flash-crash-you-missed-last-week.aspx

[bar1080]

I don't like ANY CEF gimmicks:

- no leverage,
- no monthly dividends,
- no div capture,
- no inscrutable option strategies,
- no emerging markets,
- no managed distributions.

Mostly those are used to justify higher fees for management. If the fund portfolio generates a reasonable 2% yield, then pay me 2%.

The marketing often boils down to this:
"Buy Our "Product" Because We're So Much Smarter Than You... Grandpa!