BLACK.SC.+TECH. TR. SBI

Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.» Mehr auf seekingalpha.com

Every month, I put cash to work in my closed-end fund portfolio to help build up cash flow over time. Broader equity markets have continued to perform well for the most part, and discounts narrowing on average for CEFs this year has kept me from wanting to get too aggressive. That said, I think there are still some opportunities for adding and worth putting capital to work more cautiously.» Mehr auf seekingalpha.com

An 8%+ yield may look attractive initially, but fundamental flaws emerge upon reviewing the fund's financial statements and distribution history. Management has incurred losses on options writing. Return-of-capital distributions and a negative CAGR indicate subpar portfolio management practices. BST has underperformed in terms of capital appreciation compared to other tech-focused ETFs like QQQM. Better alternatives exist, such as STK.» Mehr auf seekingalpha.com