Updated: September 18, 2023
All year long, we’ve been waiting for our favorite high-yield investments, 8%+ yielding closed-end funds (CEFs), to jump, along with the rest of the market.
Now, nearly nine months in, we’re still waiting! It’s not surprising: the income-focused investors who buy these funds are typically a cautious bunch.
Not that we mind at my CEF Insider service. We’ve been taking advantage of the extra time to pick up bargain funds and build our income streams. As I write this, our CEF Insider portfolio yields around 9%, with many of our picks paying dividends monthly.
But a fresh report from the Federal Reserve Bank of Chicago is a sign the CEF train could be about to leave the station.… Read more