A couple weeks ago, we talked about the “ index boomerang effect ,” my favorite way to grab fast double-digit price gains in closed-end funds (CEFs). It’s a simple one-click indicator that can hand you huge price gains on a CEF you pick up today. And those gains are in addition to the huge dividends these funds pay—the typical CEF yields a life-changing 7% today, and plenty pay out even more than that (often monthly, too!). Here’s how my strategy works: all things being equal, CEFs focusing on a certain asset class (corporate bonds, say) will perform similarly, and will likely outperform their index.… Read more