Re: Closed end funds
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Posted by Mark on October 04, 2000 at 20:04:58:
In Reply to: Re: Closed end funds posted by Clarence king on October 03, 2000 at 18:57:46:
: : : Mark: something for the wish list. I do a lot of investing in Closed End Funds.
: : : CEFDS seperate the market price and the net asset value creating a positive or negative discount.
: : : It would be great to be able to track the market price seperate from the NAV and be able to compute the discount.
: : : Presently I do this on a spreadsheet and all the rest of my tracking in FM.
: : : FM is the best tracking software I have ever been able to find. Please keep up the good work.
: : : C H King : : Hi Clarence,
: : Thanks for the suggestion. You can record the purchase price at whatever
: : price you pay, and the closing price is recorded separately. Are you saying
: : you'd like to track the purchase price on a daily basis, in parallel with
: : the NAV? : : Thanks,
: : Mark
: : --
: : Mark Beiley
: :
: : Fund Manager for Windows 3.1x/95/98/NT
: :
: : : Mark: exactly! Closed end funds list their NAV on a weekly basis it is nearly always different than the purchase price.
: When the Purchase price is discounted from the NAV at a deeper than average percentage it may signal a buy oppertunity.
: If a fund is discounted at 10% its like buying $1.00 worth of stock for $0.90
: The discount figure is very important to CEFD managers, they do everything they can to keep the discount small or positive.
: This is a little hard to explain. For better information on closed end funds; go to www.cefa.com.
: Hope this was not to confusing.
: Thanks,
: C.H.King Hi Clarence,
Thanks for the info. I understand now. In the mean time you may also
consider tracking this as two investments. You could overlay them for
comparison if you want. Another option would be to use the "high" field
to track this. There aren't many ways of using that for comparison, but
you could at least have the data stored for manual comparison if you wanted.
Just some thoughts/ideas you might want to use. Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
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