Investing $60,000 in These 3 Funds Could Generate Annual Income of Over $6,500
Income investors could pay attention to the price fluctuations of the assets they own. But they don't have to. What really matters for them is that the dividends and distributions keep flowing steadily -- and the higher the yield, the better.Where can you find great candidates to achieve these objectives? Investing $60,000 in these three closed-end funds (CEFs) could generate an annual income of over $6,500.The BlackRock Debt Strategies Fund (NYSE: DSU), which is managed by giant investment company BlackRock, boasts a lofty distribution rate of 12%. If you invested $20,000 (one-third of your initial $60,000) in this CEF, your annual income would total $2,400 at that rate.Continue reading
Income investors could pay attention to the price fluctuations of the assets they own. But they don't have to. What really matters for them is that the dividends and distributions keep flowing steadily -- and the higher the yield, the better.
Where can you find great candidates to achieve these objectives? Investing $60,000 in these three closed-end funds (CEFs) could generate an annual income of over $6,500.
The BlackRock Debt Strategies Fund (NYSE: DSU), which is managed by giant investment company BlackRock, boasts a lofty distribution rate of 12%. If you invested $20,000 (one-third of your initial $60,000) in this CEF, your annual income would total $2,400 at that rate.
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