Here’s this month’s scenario, which focuses on using closed-end funds and was discussed with Michael R. Kelly, CFP, EA of Baltimore:
Clients (married couple) are in their mid-40s with $100,000 available to invest, seeking diversification and long-term growth, and are willing to accept moderate volatility.
What research tools do you use to identify prospective funds for clients?
I rely primarily on Morningstar Principia and Hertzfield’s Guide to Closed-End Funds, a monthly newsletter.
What specific fund categories would you recommend for the scenario-clients’ consideration?