Core Viewpoint - The article emphasizes the distinction between investing and gambling, highlighting the importance of long-term wealth creation and caution against speculative investments in the current market environment [3][5]. Investment Opportunities - The article discusses two closed-end funds (CEFs): Destiny Tech100 (DXYZ) and BlackRock Technology and Private Equity Term Trust (BTX) [6][10]. - DXYZ is identified as a risky investment, down 63% year-to-date, trading at a 96% premium to net asset value (NAV), and lacking a dividend [6][9]. - BTX, on the other hand, offers a 9.9% dividend yield and is considered a prudent long-term investment, currently trading at a 14.9% discount to NAV [10][13]. Fund Performance - DXYZ had a premium of over 500% to NAV earlier in the year, indicating overvaluation, while the average CEF trades at a 5.3% discount [7]. - BTX has shown a reliable performance, matching the S&P 500 since May, despite a recent decline in its dividend due to management changes [14][16]. Market Sentiment - The article notes that the current market environment is characterized by a focus on short-term tech selloffs, which has led to wider discounts for funds like BTX, suggesting a lack of speculative interest [15][16]. - The widening discount for BTX is viewed positively, as it indicates that the fund is not attracting short-term speculators [15].