If you never capture the discount, is a fund still a bargain?

John Cole Scott, President of CEF Advisors, answers listener questions today, including one from an investor with two closed-end funds that have been stuck with large discounts seemingly the entire time he has owned them. Scott, who also serves as chairman of the Active Investment Company Alliance, discusses how discounts change a fund's risk profile, even if they never get narrowed, and how investors should value and perceive those benefits. He also answers questions on achieving balance in a portfolio of closed-end funds, the drawbacks and benefits of using funds that invest in closed-end funds and more.