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In this uncertain market, portfolio balance is key
The broad market is facing some serious headwinds.
Manager Commentary Dan Plettner on 21 May 2012
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These Closed-End Funds Should Ride Out Market Ripples
As February gives way to March, I continue to feel very positive about the broad market’s prospects.
Manager Commentary Dan Plettner on 7 Mar 2012
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Well-priced stocks will ride out these market swings
The question to ask, I think, is “If I were a ground squirrel just awakened from hibernation, would I like valuations today?”
Manager Commentary Dan Plettner on 21 Feb 2012
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Stocks will likely crush Treasuries over the next 10 years
Historically, excessive greed sets the stage for losses, and excessive fear sets the stage for outsized gains. And the fear is here.
Manager Commentary Dan Plettner on 10 Jan 2012
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Ignoring conventional wisdom and embracing volatility
Trying to trade in and out of the broad market is not something I seek to do. I’ll leave that for folks who think they are smarter than the market.
Manager Commentary Dan Plettner on 7 Dec 2011
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Pain is no excuse to abandon discipline
Being greedy when others are fearful may be wise, but it doesn’t come easy. It is not human nature.
Manager Commentary Dan Plettner on 11 Oct 2011
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Why I shorted Liberty All-Star Growth Fund (ASG)
A case study in security selection.
Manager Commentary Dan Plettner on 19 Sep 2011
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Side Stepping Fiduciary / Claymore MLP Opportunity Fund (FMO)
I recently contemplated Fiduciary / Claymore MLP Opportunity Fund (FMO), which I neither own, nor am I short. Still, there appears to be a lack of awareness about FMO structural inefficiency and recent governance history. I have no interest in being long this Closed-End Fund, even as its relative valuation has become less unattractive.
Manager Commentary Dan Plettner on 10 Dec 2010
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The Kayne Anderson Midstream/Energy Fund (KMF) IPO assessed by Covestor Model Manager of MLP Direct ownership Varous Closed-End Fund Focused Models.
On Tuesday evening November 23rd 2010, Kayne Anderson Midstream/Energy Fund (KMF) announced the pricing of its Initial Public Offering (“IPO”). Closed End Fund IPOs are always priced at a premium to their Net Asset Value (“NAV”) so regardless how good or bad the investment is for its new shareholders, such an announcement always marks a particular marketing feat.
Manager Commentary Dan Plettner on 10 Dec 2010
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The Kayne Anderson Midstream/Energy Fund (KMF) IPO assessed by Covestor Model Manager of MLP Direct ownership and Various Closed-End Fund Focused Models
Closed End Fund IPOs are always priced at a premium to their Net Asset Value (“NAV”) so regardless how good or bad the investment is for its new shareholders, such an announcement always marks a particular marketing feat.
Manager Commentary Dan Plettner on 1 Dec 2010
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