If you’re like most investors, you’re tired of having the following two pieces of “wisdom” pounded into your head by the financial media:
- Any high yield (here I’m talking 6% and up) is dangerous and certain to be cut, and …
- Hardly anyone ever outperforms the S&P 500, so why even try?
Both are nonsense.
Fact is, you can get steady yields of 7% and higher (or even 8.8%, as I’ll show you shortly) through several high-yield funds called closed-end funds (CEFs). (If you’re a member of my CEF Insider service, you already know this: our portfolio of 20 CEFs is handing us an average dividend of 7.7% today, with the highest yielder of the bunch paying an outsized 11%.)… Read more