Critical Commentary Of Closed-End Fund - Eaton Vance Tax-Advantaged Global Dividend Income Fund

Introduction
For many years in the business, broker dealers have been held to a limited standard of recommending only products that meet suitability requirements of an investor. I'm not going to go into detail about the standards of brokers verses advisors and suitability versus fiduciary responsibility. I am, however, going to bring up a point that applies not just to investments and finance, but to virtually everything in life: Trust but verify!
How do you know what the broker is representing to you actually is what they say it is? Do you understand why the particular investment or product is suitable for you? What purpose does it serve in your portfolio, and how does it fulfill that purpose? Lastly, is it in your best interest, or is there something better out there?
The Fallacy of Abundance
Source: Baked Goods by Anna M.W. from Pexels.com
It has been a long day, and you are on your way home, finally. Hubby calls and says, "Hey, we're out of bread. Can you please swing by the bread store and pick up a loaf?" Sure, no problem.
You turn into the parking lot of the Loaf Outlet and walk inside. There you are greeted with row upon row, isle upon isle of shelves loaded from floor to almost ceiling with different loaves of bread; there's white bread, wheat bread, 7 grain bread, ancient gain bread, rye bread, sour dough bread, potato loaf, gluten free... And this is just the prepackaged sliced loaf section. Over there in the bun and roll sections is just as many... Read more