Updated: October 21, 2019
When I show people how closed-end funds (CEFs) can hand them safe 7% yields and let them retire on much less than a million bucks, they often say one thing:
“Why the heck hasn’t my financial advisor told me any of this?”
The reasons are both simple and surprising: 1) Many financial advisors don’t fully understand how CEFs work, and 2) Some CEFs involve a bit of research, so for a lot of advisors it’s easier to recommend low-cost index funds and call it a day.
Both of these (unacceptable) reasons are costing folks millions in profits!
So today we’re going to demystify CEFs by zeroing in on a fund that’s crushed the market for nearly two decades.… Read more