Don’t listen to the index-fund crowd: it is possible to beat the market year in and year out—and you can do it while grabbing big 7%+ dividends, too!
There are three steps to pulling off this feat:
- Go with a high-yield closed-end fund (CEF): many of these funds return more than their benchmarks on the regular! AND because they pay 7% dividends, on average, you get a large portion of your gain in cash!
- Look beyond stocks: Other markets, like corporate bonds and municipal bonds, are far less “democratic” than the stock market: in other words, the big players get the pick of the crop!