Our "High Yield for Granny" article (link here) last March introduced the idea that you could achieve an "Income Factory" strategy at various levels of yield, risk and return. In particular, we introduced a portfolio of solid closed-end funds whose average distribution was about 8% as an alternative to our core "Savvy Senior" Income Factory that currently pays a distribution of 11.6%.
We showed that, through the power of re-investment and compounding, an 8% stream of income doubles and re-doubles about every 9 years, so a $100,000 portfolio yielding 8%, re-invested annually, would