5 Safe CEFs (with No Debt!) Paying Up to 9%

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Legendary investor and Berkshire Hathaway (BRK.B) CEO Warren Buffett recently gave us an insight into the type of dividend-paying fund he’d invest in if he could:

“Our aversion to leverage has dampened our returns over the years. But (partner Charlie Munger) and I sleep well. Both of us believe it is insane to risk what you have and need in order to obtain what you don’t need.”

“Leverage” stands out because it’s a common tool used among several high-yield classes, from mortgage real estate investment trusts (mREITs) to business development companies (BDCs). Even closed-end funds (CEFs) – which some investors turn to for relative safety versus individual stocks given CEFs’ diverse portfolios – can sport high leverage of between 30% and 60%.…
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There’s a secret way to make a killing in the stock market, and one superstar investor is jumping in with over $1 billion.

You may not have heard of Boaz Weinstein, but he’s become a legend on Wall Street. Back in 2012, he made a ton of money betting against J.P. Morgan’s London Whale—whose name is now linked with risky, poor investments.

Seeing the London Whale’s ridiculous trading strategies, Weinstein bet aggressively against the Whale—and won big. J.P. Morgan lost $2 billion because of this one trader, causing the bank’s CEO, Jamie Dimon, to admit that the firm had lost the money due to “egregious mistakes” in trading.…
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Today I’m going to show you why some funds are killing the S&P 500—and how you can dramatically boost your odds of doing exactly the same thing.

One way not to do it is by investing in a dying asset class: traditional mutual funds. Since most mutual funds have underperformed the market, the number of funds out there has flat-lined, while the number of exchange-traded funds (ETFs), mutual funds’ low-cost cousins, keeps exploding. There are now about 2,000 ETFs on US exchanges, and they account for about a third of all US trading.

But as I wrote on February 21 (and have said many times since), I don’t recommend you join the ever-growing crowd of ETF fans, either.…
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About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

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