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Strategies & Market Trends : Dividend investing for retirement
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To: JimisJim who wrote (31064)4/10/2019 4:31:43 AM
From: rnsmth2 Recommendations

Recommended By
Graustus
JimisJim

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In mid 2017 I bought our first CEF. Over the next year, I added 4 CEF positions and sold one, TPZ. I sold TPZ when I added KMI, and between it and our ENB position, I had plenty of midstream/pipeline companies.

Now I hold ETO, NIE, UTG and PTY in CEF land.

They constitute 9.4% of our portfolios but produce a whopping 17.6% of the income generated by those portfolios.

Combined the four positions show some small share price gains, but those are eclipsed by the annual income they produce. The strategy is working, I suppose :). I know some others have either dabbled in CEFs or hold them as an important part of their cash flow production.
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