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2 Monthly 7% Dividends With an “On Switch” for Gains

If you’re shopping for high-yield closed-end funds (CEFs) , two numbers are critical: The dividend: There are about 500 CEFs out there, and they boast huge payouts of 7% on average. Many also pay monthly. The discount: Due to a quirk in the CEF structure, these funds often trade at discounts to the per-share value of their portfolios. Called the discount to net asset value (NAV), this indicator is the clearest indicator of imminent price gains I’ve ever seen in an investment. A Proven Gain Predictor Thanks to the discount to NAV—which is available on any fund screener—you literally have a CEF’s market price on a string! … Read more
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