The yield on the 10-year Treasury has rallied near 3%. Yet there’s no way you and I are retiring off that pittance!
Hence the appeal of closed-end funds (CEFs), which regularly pay 7% or better. That’s the difference between a paltry income below $30,000 on a million buck nest egg or a respectable $70,000 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!
With the markets in flux (to say the least), now is a good time to review the principles of successful CEF investing.
The post 7 Rules For 7% (or More) Yields In Closed-End Funds originally appeared at Contrarian Outlook.