商品簡介
This book introduces readers to the principles of investing for income, using closed-end funds as a primary financial vehicle. The author demystifies the complexities of closed-end funds (CEFs) and income investing, making them accessible to everyday investors.
The Investment Company Act of 1940 established the legal framework for the creation and regulation of Closed End Funds, - an investment structure that combines the most attractive features of both stocks and mutual funds: CEFs are traded like stocks and diversified like mutual funds. They offer liquidity, relatively low risk, and-by definition-provide regular dividend payments, making them well-suited for those seeking consistent and reliable income.
Paul Bock advocates for an investment approach that prioritizes steady cash flow through dividends, rather than chasing capital appreciation. His mission is to help readers practice a sustainable financial strategy focused on income generation for long-term financial well-being.
The book is easy to read and understand, and it lifts the curtain on little known facts that will help readers to take control of their financial future and eliminate market anxiety from their lives.
To place the CEFs in context, the book also provides basic knowledge and interesting facts about stocks, bonds, mutual funds, annuities and points out the dangers and high risks of speculative investment strategies.
