The thing most people love about closed-end funds (CEFs) is, well, pretty straightforward: the dividends! With these income plays kicking out average yields of 8.7%, they really can go a long way to helping us secure a safe retirement.
Beyond that, though, there are many other reasons why CEFs should be in your portfolio. Access to a collection of high-quality assets, for example, since CEFs are well-regulated and hold a wide range of assets, including stocks, bonds and real estate investment trusts (REITs).
Still, with yields that high, it’s fair to wonder if CEFs’ payouts might not be sustainable over the long haul, especially since S&P 500 index funds yield just 1.3%.… Read more
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