Updated: November 16, 2016
You’ve probably been told you can’t have high yields and high growth in the same investment.
If you want growth, the traditional thinking goes, you need to accept little or no dividend income. And if you want high dividends, you can forget about growth.
Today I’m going to show you two investments that turn this outdated thinking on its head. They’re closed-end funds (CEFs) that hold convertible bonds, a powerful asset class most investors ignore.
More on these two funds in a moment.
First, let’s take a quick look at how convertible bonds work, and why so many investors are making a big mistake by not including them in their portfolios.… Read more