No. of Recommendations: 0
After losung some money in closed end funds over the past few years, I have decided that these financial product providers do make a lot of money ... for themselves.

(Just a general rant, not remotely directed at Norm) Like a regular mutual fund, even index funds, you've got to look at expense ratios. Too many people seek high dividend yield CEFs or ETFs & ignore expense ratio. Shouldn't do it w/ mutual funds, why do they think it's o.k. to ignore it in CEFs/ETFs?*

At any rate, along the lines of what you've done, I bought a bit of Barclays PLC (NYSE: BCS.) Up 5.4% from when I bought in July.

I've thought about buying CNS too.


*recently on an II board, someone asked about a CEF that was yielding 8.4% or so. The expense ratio was over 200 basis points! Egads!!!
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