Closed-end funds (CEFs) really are the “Swiss army knife” of investments: with one click, they let us grab big income (the average CEF yields 7.9%), diversify (within and beyond asset classes) and buy their holdings for cheap! But let’s be honest, when it comes to CEFs, it’s all about the dividends. On that front, there’s a lot to say. For one, many CEFs pay monthly, making managing our income easy: CEFs’ high yields mean we could potentially replace a $6,500 monthly paycheck with less than $1 million invested and live on dividends alone. And check out these discount and dividend stats from across the CEF space: A third of all CEFs yield over 10%. … Read more