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RIV - FOF: Building A Sustainable Income Portfolio
RiverNorth Opportunities Fund Inc.
With this article, I open a series on building a sustainable retirement-income portfolio.
The goal is high income, in the 7% to 8% range, with capital preservation.
The first choice for this portfolio is one I consider a solid core holding in any effort to build sustainable, current income. That is FOF, a fund of funds.
FOF holds some 90 funds, largely but not exclusively closed-end funds. It's currently yielding 7.9% and price near-par.