Tim Parker was quoted in the Wall Street Journal regarding Closed-End Funds tracking the Energy Industry:
“Investors looking for bargains should proceed with caution”, said Timothy Parker, a partner at Regency Wealth Management. He is advising clients against buying energy closed-end funds in an attempt to take advantage of current discounts. Demand for crude is likely to remain limited in a global economy pummeled by the virus, hitting energy companies and probably their dividends.
“It might seem like it could be a great time to buy now, but who are you going to sell it to?” he said.