I’m hearing from a lot of dividend investors suffering from “bull-market blues”: while stocks have soared, driving up their portfolios’ value, they’re stuck on what to do with their gains—because stocks have soared (and yields have plunged)! It’s a vicious cycle that doesn’t look like it’ll end anytime soon, and it’s even hit what are traditionally the most overlooked corners of the market. Take my favorite high-yield investments, closed-end funds (CEFs), which regularly offer huge yields of 7% or more. CEFs invest in all sorts of things, from energy to utilities to corporate bonds and US stocks. And by and large, they’ve gotten pricey, too (but there are still some deals to be had in the space, as we’ll discuss shortly).… Read more