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GDO - Investment Grade And Government Bond CEFs' Turn To Shine
Western Asset Global Corporate Defined Opportunity Fund Inc.
If this coronavirus-induced nosedive has driven home anything, it's "stick to the plan, in good times and bad."
Last year, when the markets were surging upward, I was tempted again and again to trade out of a few of my funds whose market yield had dropped below 7%. There were so many other CEFs with distributions at 8% or higher - it was a tempting switch.
However, diversification is a key component of my investment strategy, so when I trade up, I like to move into a similar fund with a better yield. Each