Imagine an investment that can double in value in 5 years while giving you a 12% income stream that has actually grown over time.
And what if I told you there are a lot of these investments out there? They’re just not well known.
The reason for that is that they’re closed-end funds (CEFs), an investment that isn’t as popular as mutual funds because most 401k plans don’t offer them. And they’re far less popular than exchange-traded funds because they’re just a little more complicated than something like the SPDR S&P 500 ETF (SPY).
ETFs like SPY are easy to set up and manage, which makes them cash cows for issuers like Blackrock, Vanguard and State Street, even though ETF fees are relatively low. That’s because these funds simply track a stock index. …