John Cole Scott goes Black Friday discount shopping for closed-end funds

Money Life with Chuck Jaffe

John Cole Scott, president of Closed-End Fund Advisors and the chairman of the Active Investment Company Alliance, looks at how discounts have narrowed in closed-end funds amid the strong market this year, but he digs into his firm's data to find three closed-end funds and one business development company trading at attractive discounts to make them appropriate picks for year-end portfolio moves. Julia Toothacre discusses a ResumeTemplates.com, study showing that six-in 10 employees will be shopping Black Friday sales while at work today, Chuck discusses the ultimate financial gift to give your relatives this (and every year) -- so that you can get your shopping done before the shopping season even starts in earnest -- and Eric Marshall, president of Hodges Capital Management, talks small-cap investing in the Market Call.