60 Seconds: What Is a Closed-End Fund?

Closed-end funds are like the dark horse of the investment world. They are not mentioned much but they could make you some serious money. Give me 60 seconds and I'll tell you how! Watch!
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Closed-end funds are like the dark horse of the investment world. 

They are not mentioned very often but they could make you some serious money.  

There are a bunch of differences between a closed-end fund and an open-end -- or regular -- mutual fund. 

They are bought and sold differently and a closed-end fund's portfolio could be a little riskier.

But that extra risk could mean extra upside -- higher dividends -- bigger returns.  Of course it could also mean bigger downside and lower returns.   

Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called "closed-end" mutual funds - an often overlooked investment class. Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel tell you all you need to know. The webinar is sponsored by Nuveen.