Closed-end funds (CEFs) are the ultimate “sleeper” investment—if you hold them, you know they hand out massive dividends (7% yields, on average!). Plus, their often-discounted share prices set you up for serious upside, too.
But it looks like the mainstream crowd is about to crash our CEF party. That means if you’re not in now, this is the time to climb aboard, before our CEFs’ big discounts become a distant memory.
CEF Managers Put Out the Bait
Funnily enough, the ones drawing attention to CEFs these days are CEF managers themselves. According to The Wall Street Journal, these pros have been cutting their fees in a bid to draw in new investors.… Read more