3 “Sucker Dividends” Yielding 7%+ to Avoid Now
July 09, 2020 at 05:00 AM EDT
It’s no secret why most people buy closed-end funds (CEFs) : big dividends! The 500 or so CEFs out there yield a game-changing 7%, on average. And with CEFs coming from all corners of the economy, you can easily build a nice, diversified CEF portfolio paying enough dividend cash to let you retire on $500,000 (or less!) . If you’re a reader of my CEF Insider service , none of this will surprise you. The service’s portfolio boasts funds yielding all the way up to 12.9%. CEF Investors an Emotional Group But there is one thing you should know about the CEF market: investors who buy CEFs are a bit twitchy, meaning they can sometimes oversell in a crisis.… Read more
