As of Close of Business May 8th, no less than 53 multi-year experienced, Tax Free Income, Closed End Funds (CEFs) were paying 6% or more in federally tax free income to their shareholders.
18 issues (34%) paid 6.4% or above, and the average for the group was 6.35%. All portfolios are professionally managed by this dozen, well respected, long experienced investment companies.
Blackrock, Nuveen, Pimco. Putnam, Invesco, Alliance-Bernstein, MFS, Dreyfus, Eaton Vance, Deutsche, Pioneer, & Delaware Investors.
How difficult could it be to put together a well diversified, retirement income portfolio?
Most of these funds have paid steady, dependable, income for more than fifteen years, even through the financial crisis… several have been around since the ’90s
Yet your financial advisor has never mentioned them to you; you have never heard them advertised or reviewed in most financial newsletters… Wall Street would prefer that you didn’t know they exist.
WHY DO YOU THINK THAT IS?