While the pundits continue to (unsuccessfully) try to call the bottom of this Fed-spooked market, we CEF investors are doing what we always do: collecting our 7%+ dividends as we patiently move through to brighter days. In fact, we’re doing more than that: we’re making some careful long-term buys as our fellow CEF investors—a conservative lot if there ever was one—toss out funds that are actually well suited to the higher-rate world we’re moving into. I want to talk about one such fund today: it does something that has a lot of appeal in a market like this—it keeps you invested in the S&P 500, but with a twist: it hands you an outsized income stream that actually grows more stable as volatility picks up.… Read more