My Personal 8-Step Plan for 8% Dividends in CEFs

Today, the 10-year Treasury pays just 2.7%. Put a million bucks in T-Bills, and you’re banking $27,000 per year. Barely above poverty levels! 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 $27,000 on a million saved 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 my readers have asked me if they should bail on our high paying vehicles.… Read more