+ Watch BIF
on My Watchlist
Closed-end diversified management investment company.
Low P/NAV (21+% discount vs. avg. discount last 10 years of about 11%). Very competitive annualized return past decade. Good value type holdings. Significant allocation (normally about 25-30%) in Berkshire Hathaway shares.
Discount to NAV
Trying a closed end fund (CEF). %16+ discount to NAV at the moment. If they reinstate a dividend, could see a pop.
January 21, 2010 at 12:52 PM, jlmjlm77 (99.86) wrote: I would like to add a new pick: Similar to my prior pick NFJ, I still like the many closed end mutual funds that are selling at discounts to net asset value - the new pick is BIF - don't be fooled by its one-star status: BIF is currently my favorite long-term investment (I hold shares in my retirement plan). Seems like a relatively conservative portfolio, selling at a decent discount from NAV in the past sold at a at a premium. Also inside buying last summer. More info at: http://www.cefconnect.com/Details/Summary.aspx?ticker=BIF I don't believe the recent move in BRK/B has been fully recognized. This assumes the fund still has near 25% invested with them. Looks like a conservative portfolio:Top Holdings As of 5/31/2009 reported by fund sponsor Holding Value %Portfolio Berkshire Hathaway Inc. A $42.68M 24.66% United States Treasury Bills 0.110% 0.11 $24.99M 14.44% United States Treasury Bills 0.120% 0.12 $24.99M 14.44% Wal-Mart Stores, Inc. $11.93M 6.90% Advent/Claymore Glb Convertible Sec&Inc $5.58M 3.23% Johnson & Johnson $5.51M 3.19% Ithan Creek Partners, L.P. $5.18M 2.99% Heineken N.V. $4.73M 2.73% Cohen& Steers Reit And Utility Income Fu $3.31M 1.91% Dreyfus Treasury Cash Management Money M 0.12 $3.14M 1.82% Solaris, thank you for working on this portfolio:
This is probably one of the best kept secrects out there. This fund holds its value, and yielding a healthy div. It does have wild swings which will apeal to conservative investors
Building a portfolio based on insider cluster buys.
Long standing fund, high dividends. A great long term investment especially if you reinvest monthly dividends!
Great income stock, excellent yield. Accumulate.
Good Closed-End Fund. Dividend over 14%. Good Income Stock
This stock's dividend tax advantage for senior's is not widely known. When you consider that most of the dividend is a return of capital (which effectively is an early non-taxable payment of future long term cap gains) which must be deducted from the cost basis. When the senior passes the stock to his or her heirs, there is no cap gains due. Another example is that in 2009 the Medicare Part B premium will be figured on your AGI plus Tax Exempt interest from 2007. Anything over 200K will get you a Part B premium of $400 a month each. Do the Math! A return of capital is not reportable or taxable. Of course, it also requires that the managers of the fund do a halfway decent job of keeping the NAV up and/or increasing.
Real Estate investment
TRADEABLE, MAX YEALD, GLOBAL, GOING AND GROWING.
When the sweet return of capitol payments stop look out below
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