Date: Thu, 20 Jan 2005 16:04:18 CST
From: Rich Carreiro 
Newsgroups: misc.invest.financial-plan
Subject: Re: Pref'd Stock Dip in May, 2004?
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	LZF8en1CTE8w8HGAP+3C6fXEDGsfX6S7GzKDb4Q90IUlwA1HSn2qtw==
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"Elle Navorski"  writes:

> "Tad Borek"  wrote
> > I don't know how you're screening for "preferreds" but you might be
> > picking up some closed-end funds that use leverage. That type of fund
> > has the potential to drop quickly when certain things happen to interest
> > rates. Some yield-chasing muni fund buyers may be in for a big surprise,
> > for example.
> 
> Can you explain why you are calling these stock shares "funds"?

Because in the stuff you quoted, Tad is referring to closed-end mutual
funds, which ARE mutual funds, but which trade on a stock exchange
just like "normal" stocks.

-- 
Rich Carreiro                            rlcarr@animato.arlington.ma.us