ET - The 8% Income Portfolio: Why It Deserves A Place In Your Retirement Strategy

Usually, many people associate closed-end funds with high risk, high fees, and high leverage. Some would argue that they have no place in a conservative or retirement portfolio. We tend to differ. We believe that in spite of their obvious risks if used the right way, they can provide high-income, moderate risk and at the same time, provide market-matching returns. Even so, at times, their market prices can be volatile, certainly more than some of the dividend stocks. So, we do not advocate a very large allocation to CEFs, but 20%-25% could be appropriate for