SEP IRA

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Remarks by Governor Elizabeth A. Duke

Question: I have a SIMPLE IRA and am looking into investing in a closed-end fund…?

The fund is considered a PFIC (Passive Foreign Investment Company) and as a result I need to make several decisions for tax purposes. What are my options? I hold no position yet but plan to shortly.

Answer: Depending on the sector of the market or region, for example, you feel will do best will determine which Closed-End Fund to invest in.

One of the best websites to do Research on Closed End Funds is www.cefa.com and this is based on Performance!

If for example, you like China, ythen ou may want to consider CHN. If for example, you like Mexico, then you may want to consider MXF. If for example, you like Eastern Europe, like Russia, then maybe you want to consider Morg Stanley Eastern Europe, RNE. If you like international REITs, then maybe IGR would be best. It all depends.

These are some of your options that you have. Being that you are considering it for tax purposes, maybe the fund, HTD, may be right for you.

But whether you prefer this one or that one, I reccommend to you this site for Research on CEFs. Best of Luck.

Personal Finance & Investing : How to Become Wealthy

David Botstein speaking at the Genbank 25th Anniversary