8 Rules for 8% Income Investing in CEFs

The 10-year’s yield up to 2.6%? Big deal – you and I still aren’t retiring off it! Hence the appeal of closed-end funds (CEFs), which often pay 8% or better. That’s the difference between a paltry minimum-wage income of $26,000 on a million bucks in capital, or a respectable $80,000 annually. And if you’re smart about your CEF purchases, you can even buy them at discounts and snare some price upside to boot! Unfortunately this rising rate environment has income seekers scared of CEFs. Many of our Contrarian Income Report subscribers are writing in to ask if they should bail on our high paying vehicles. The financial media is in their heads, and they’re concerned that their funds are suddenly going to drop in price. ... Read more