2016 has been a crazy year—so it’s no surprise closed-end funds (CEFs) have been offering crazy returns. As we’ll see in a moment, the best fund is up over 50%, which crushes just about every unleveraged ETF and mutual fund out there. Plus, that fund pays a whopping 7.6% yield—which is pretty typical for CEFs. If you bought in when it was at its 52-week low, you would have been getting an unbelievable 14.7% yield throughout 2016, while also seeing your portfolio’s market value go up and up. This is the power of getting into the right CEF at the right time, and it shouldn’t be ignored. But even after its huge run-up, buying this fund, and funds like it, would give you over $76,000 in annual income on a million-dollar nest egg, compared to a depressing $26,000 if you put that money in US Treasuries instead. ... Read more