"Sly and the Family Stone were a disruptive force in the music industry in the 1960s. It was the first multiplatinum selling band to defy categorization, as its multiethnic members fused R&B, Gospel, Rock & Roll, and Jazz elements into both hit singles and albums. They broke the color barrier, sold records to people of all races, and even performed at Woodstock."
"The songs of Sly and the Family Stone viewed the world through a spirit of human connection, and color blindness, much in the spirit of Dr. Martin Luther King's dream about "being judged by the content of one's character instead of the color of their skin. Their 1968 Billboard #1 hit single, "Everyday People" is still one of the most recognized songs of the era, and it put the term, " different strokes for different folks " into common vernacular."
"" Different strokes for different folks " is a term that is pretty much applicable to all people from all walks of life regarding personal preferences. As such, this extends to investments as well. Since Closed End Funds (CEF) come in all manners of configurations to suit investors of all backgrounds and risk tolerances, it can be difficult to objectively compare two (2) disparate types that are geared for totally different markets."
Sly and the Family Stone fused multiple genres and broke racial barriers in the 1960s, popularizing the phrase "different strokes for different folks." The phrase applies to personal preferences and extends to investment choices. Closed-end funds (CEFs) come in many configurations to suit investors with diverse backgrounds and risk tolerances, making direct comparisons difficult. BSTZ and QQQX both derive dividends from covered call strategies and trade at discounts to NAV, yet they represent contrasting CEF models. BSTZ is a limited-term technology CEF that has metamorphosed into a de facto private equity technology fund with a double-digit dividend.
Read at 24/7 Wall St.
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