If there’s one thing that stands out about the market for our favorite high-yield investments in 2023, it’s this: individual investors are still too skittish to jump in.
That’s our chance, because this “lag” means CEFs’ prices haven’t taken off, and these funds are throwing off dividend yields in the same neighborhood they were at the start of 2022—around 7.5%, on average, today. And by being just a little picky (as we will be with the fund talk about a bit further on), we can amp those payouts up to 10%+.
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