Want to invest like Taylor Swift?

It has been reported that Tay Tay invests in closed-end funds (CEF). A CEF, in a nutshell, invests in a portfolio of shares and tends to be managed by an investment management firm.

However, if you want to buy into a CEF, you need to buy a share from someone who already holds one - this is why they are 'closed'.

If you're an Aussie who wants to follow in Swift's trading footsteps, listed companies (LICs) in Australia do essentially the same thing.