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GOF Excellent CEF. Pays 9%

July 18, 2013

SPY 1689.00

(GOF was sold)

Bernanke has been spewing sugar coated words faster than you can say Tony the Tiger.   He will do anything to keep this market going higher.  And that is the highest probability right now.

As I write this, we are sitting at 1689.00 on the SPY.

I suggest you evaluate the highly respected closed end fund (CEF) Guggenheim Strategic Opportunities Fund, paying over 9%.  This has everything I like:  investment grade corporates, high yield corporates, preferreds, floating rate, even some stocks.  And to make it even better it pays on a monthly basis.

(Update:  Do not buy.  HOLD if you own.)  Buy GOF Today up to 1% of the portfolio.

Go to “HOME” (top of page) for the most current posts.  (Please respond to POLL Click Here)  This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income.  I am not an investment professional.  You must do your own research before buying any position.  All gains or losses that you realize are based on your choices.

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One comment on “GOF Excellent CEF. Pays 9%

  1. […] Let’s look at the markets.  We are in a bull market.  You should be invested in dividend paying positions.  I have talked about numerous suggestions in prior posts.  I am still looking at KYE and GYLD both of which I have discussed.  Also watch GOF. […]

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