Hey, things change…

I invest in closed end funds (listed in post title) as found on cefconnect.com.

UPDATE: August 27th, 2016 I decided to make the ‘sharebuilder’ investments monthly, on the first Tuesday each month.

Beginning in May, 2016, investment amounts will be based on 1/72nd of the settled cash in the account so it should last ~six months. Dividends will add to the cash balance, withdrawals will reduce it. When the investment amount drops below $25, I will fund the investments from our checking account. I am still waiting for a decision on when the Costco Advantage plan benefits will be terminated, or if they will be continued. I think they might just quietly continue…

For October, 2016, investment amounts will be divided amongst the 17 new to the portfolio tax-free muni CEFs; BBK, BFK, BKN, BTA, EVN, FMN, IQI, LEO, NAD, NVG, NZF, OIA, PMF, PML, PMM, PMO, & PMX @ $56 each. This amount is approximately equivalent to 12 investments @ $79 each ($79 X 12 = $948), minus $1 for each trade after the first 12 ‘free’ trades on the sharebuilder ‘Advantage Plan’ ($56 X 17 = $952) and ($952 – $5 = $947). November’s investment schedule has not yet been determined.

This brings the number of tax-free muni CEFs in this account to 23; BBK, BFK, BKN, BTA, CMU, CXE, EVN, FMN, IQI, LEO, MAV, MFM, MHI, NAD, NMZ, NVG, NZF, OIA, PMF, PML, PMM, PMO, & PMX.

Here is a screenshot showing the investments queued on the Capital One Investing (sharebuilder) site;


A change was made to the investment schedule to invest the first Tuesday each month. This was done in order to capture some dividends for the monthly paying CEFs (Closed End Funds) being purchased.

The dates spreadsheet, showing the ex-dividend and payment dates for these CEFs, can be found in my google sheets. I also try to keep the calendar on my blog updated.

Stay tuned!

As always, YMMV!


About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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