I'd love to hear what (former poster) 'Capecod' has to say about the CEF crash.
Likewise for 'Lord Xot' and preferred stocks. NYMTN down 69% since peak.
Let's face it, most of the rest of us really don't know what we're doing when it comes to these investments.
Fortunately CEFs and Preferreds are 'only' about 10% of my port.
As Buffet says 'reaching for yield is stupid'.
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