CEF Premium or Discount? Choose Wisely for 76% Returns

Since March, central banks around the world have flooded the globe with newly printed money. As usual, we went “big” here in ‘Merica, with $3 trillion and counting flooding into everything from tech stocks to gold to bonds. Who exactly is buying a US Treasury yielding 0.7%? Perhaps rich guys and gals with $10 million or more in the bank. Even then, these bonds are paying just $70,000 annually on that ten-mil! Which means a wealthy bond bull must tap into some capital or kiss that country club membership goodbye. The Federal Reserve, of course, a big buyer. It’s distorting the market and keeping interest rates low, to the benefit of corporations but the chagrin of retirees.… Read more
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