I invest in 6 closed end funds (listed in post title) as found on cefconnect.com, selecting only “high yield tax-free” issues for this taxable account. The selection will not vary much, if at all.
UPDATE: May 21st, 2016 I decided to make the ‘sharebuilder’ investments twice each month again, usually on the 2nd & 4th Tuesday unless a Holiday disrupts the plan, or I want to own something before it goes ex-dividend.
Beginning in May, 2016, investment amounts will be based on the cash reserve in the account and lasting through the next 3 months.
Any common stock remaining in the account will either be sold or used to sell covered calls for additional income.
Here are 2 screenshots, one showing the investments queued on the Capital One Investing (sharebuilder) site, and the other showing the investments on a spreadsheet;
You can see that a change was made to the investment schedule to invest the first Tuesday this month. This was done in order to capture some dividends for the CEFs (Closed End Funds) being purchased. Later in the month the schedule will revert to 2nd & 4th Tuesdays, until it changes again.
Here’s the dates spreadsheet again, showing the ex-dividend and payment dates for these 6 tax-free CEFs;
As always, YMMV!