Colossal Cash Machines: 5 CEF Yields of 10% or More

Bull or bear? Who cares when we can collect dividends between 10.1% and 11.8% . That’s not a typo. The S&P 500 pays 1.7%. The 10-year Treasury yields two points more at 3.7%. That’s better—but it ain’t 11.8%! The same million-dollar retirement portfolio can either generate $17,000, $37,000 or $118,000 per year. Tough choice! And better yet, the double-digit dividends I mentioned aren’t penny stocks. We’re talking about diversified funds, with dozens of holdings, managed by skilled advisors that often have decades of experience at the helm. How Do You Spell “Massive Income”? C-E-F. A couple of weeks ago , we discussed CEFs versus ETFs: “If I can give you just one piece of advice to start 2023, it’s this: do not trust your dividend income to ETFs!” … Read more