Rick Talks About Opportunities in Closed-End Funds
Amey Stone in Barron's talks about the opportunities in fixed income closed-end funds and quotes Rick on some specific ideas: "Investors wringing their hands over higher interest rates might put that energy to better use by researching which closed-end funds to buy. That may sound Pollyannaish as rates rise, causing punishing losses in bonds—$1.7 trillion globally in November alone, according to Bloomberg’s tally. Municipal bonds fell 3.46% last month, according to Standard &