Today I’m going to show you exactly where, with two cheap closed-end funds (CEFs) yielding just a hair under 9.2%, on average. CEFs: 2 Picks for 9.2% Payouts (and Upside)CEFs are a good choice in today’s volatile market, for two reasons:They pay big dividends: Many CEFs yield 7% or more, and some even higher. Many CEFs yield 7% or more, and some even higher. Speaking of oversold, let’s intro our second CEF, the Gabelli Dividend & Income Fund (GDV), run by the famed Mario Gabelli, who follows a similar value-investing strategy as Warren Buffett. For more great income ideas, get your free copy his latest special report: Your Early Retirement Portfolio: 7% Dividends Every Month Forever.

Source: Forbes May 06, 2020 14:03 UTC