• 8% Yields In A Portfolio? Yes, It's Possible

    7 days ago - By ETF Daily News

    From Contrarian Outlook : Even with the 10-year Treasury “rallying” of late, it still pays just 2.9%. Put a million bucks in T-Bills, and you're banking $29,000 per year. Barely above poverty levels!
    Hence the appeal of closed-end funds , which often pay 8% or better. That's the difference between a paltry minimum-wage income of $29,000 on a million saved or a respectable $80,000 annually.
    And if you're smart about your CEF purchases, you can even buy them at discounts and snare some price upside to boot!
    Here's why: CEFs have fixed pools of shares. Meanwhile their prices trade up and down...
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