With more volatility likely as we move past the election and into late 2024, retirement planning might not be top of mind for you right now.
But with investing—income investing, especially—it’s critical to keep the long term in focus. And over the long term, the direction of the markets is up.
When we invest in closed-end funds (CEFs), we get an extra advantage: High income, which often comes our way monthly. The average CEF yields 8% now. And that’s before we even talk about CEFs’ price gains.
That added certainty of getting most of our returns in safe dividend cash is why we love CEFs, especially in times like these. And despite the gains we’ve seen across asset classes this year, there are still CEFs available at a bargain, like the three we’ll discuss in a moment.
This post originally appeared at Contrarian Outlook.