This 7-CEF Portfolio Yields 14.1%

The suits on Wall Street will say that $460K isn’t enough to retire on. Well, that “modest” nest egg will earn $64,860 in dividends alone when invested in this simple 7-CEF portfolio. CEFs are the code name for closed-end funds. They are a lesser-known cousin to exchange-traded funds (ETFs) and mutual funds. CEFs tend to have modest assets under management. Which is their superpower . Fewer assets mean greater yields! Consider the 7-CEF portfolio we are about to discuss versus the standard high-yield stock benchmark ETF: There is no comparison! But before we buy blindly, let’s do our homework and make sure these CEFs are not paper payout tigers.… Read more