A couple weeks ago, I took a trip up to Maryland to visit my publisher, Money Map Press, and attended their annual holiday party.
The party was international themed this year, and quite extravagant if I don't say so myself. I didn't hesitate to take full advantage of more than a few free cocktails at the open bar throughout the night, but I still remember seeing a Chinese dragon and few fan- and umbrella-bearing women dressed in traditional Chinese attire.
Prior to the party, I brought along some copies of Mario Gabelli's book, "Merger Masters: Tales of Arbitrage," and handed them out to my team of editors as little Christmas gifts. If you want to learn a little more about what you can gain from reading the book, including how to make lots of money doing arbitrage, take a look at my most recent article.
And in that same spirit, I want to give all my subscribers a little gift. For those of you who are not already a member of my exclusive HeatSeekers service, I want to pass along a stock recommendation that I'd normally reserve just for members.
I'm talking about a fund run by none other than the famous Mario Gabelli himself, which will allow us to profit regardless of the market direction.
Mario Gabelli is not just a famous value investor who is always on TV and in the Barron's Roundtable every year. He is also one of the best arbitrage traders on the planet. He generates very consistent returns with exceptionally low risk and has done so for decades. Fortunately for us, he has a publicly traded merger arbitrage closed-end fund that we can buy – and that's exactly what I'm recommending.
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.