Dennis Miller - Comments
Author, Lecturer, Financial Consultant
Contributor's Links: Miller On The Money
Investing retirement money is totally different from how we invested in the past. You are no longer trying to get rich; your goal is to make your money last for the rest of your life so you can enjoy your golden years. Successful retirement is a ...more
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Closed-End Bond Funds, Friend Or Foe?
4 years ago

Hi Alexis,

You ask a good question. I just realized something. I had a box in the article explaining a closed end fund and it did not get published.

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A closed-end bond fund has a manager who is paid a fee to oversee the investments.

Unlike a mutual fund that will redeem your shares, closed end funds trade like stocks. When you buy or sell, your broker facilitates a trade with another investor.

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A closed end fund has a fixed number of shares. It trades like a stock as the manager is buying and selling bonds all the time and determining the dividend payout.

Hope this helps,

Dennis Miller

In this article: PFFR, PFFA
Closed-End Bond Funds, Friend Or Foe?
4 years ago

Hi Susan,

Thank you for taking the time to write, we appreciate that.

Best regards,

Dennis

In this article: PFFR, PFFA
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