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Strategies & Market Trends : High Yield Investing - CEF's

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From: mykesc20201/3/2022 12:25:21 AM
2 Recommendations

Recommended By
red cardinal
Top Of The World Ma

   of 245
 
My CEF Update--Dec 31-2021

My CEF basket is still pretty immature, but I am pleased with it--and what it is doing. I started buying CEFs in April 2021 (DNP first purchase) and my most recent purchase was AIO (Dec 30-2021).

I have been buying CEFs since April 2021 to now, so context & time of ownership is big at the moment.

I have 10 CEFs (see below for the list)

My CEF basket is:

---5% of my equity portfolio, 4% of my overall portfolio.
---CEF income is $2,226 per year, or $185 per month.
---CEF basket yield is 6.4%
---CEF basket TR 3.94% (since April 2021), TR is --1% cap gain, 3% distributions (approx.).

Best performer - DNP - +15.5% TR
Worst Performer - AIO - -3.5% TR

I purchased this basket for income, not TR. The fact that I have a positive TR at the moment is nice.

My limit was 5% of portfolio and I have reached that so I am done buying CEFs for the moment. I look forward to how it all plays out. Hopefully the same as my BDC basket I set up in 2018. 66% TR, 32% cap gain and 34% dividends.

CEF Basket

DNP
AIO
BME
UTG
THQ
BST
BDJ
EOS
BMEZ
BSTZ
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