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The 7 Steps I Always Follow for 8% Dividends in CEFs

Today, the 10-year Treasury pays just 2.4%. Put a million bucks in T-Bills and you’re banking $24,000 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 $24,000 on a million saved or a respectable $80,000 annually. And if you’re smart about your CEF purchases, you can even buy these funds at discounts and snare some price upside to boot! The market’s fast run-up since January 1 has made cheap CEFs just a bit harder to find. And some CEFs have become so pricey that, if you hold them, you should consider selling before their premiums fall to earth.… Read more
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