I hate to see so many folks buying into the hype and snapping up popular ETFs like the Vanguard S&P 500 ETF (VOO). Not only are they denying themselves a proper dividend (with VOO, you’d need a $3-million nest egg to generate a liveable $40,000 income stream!), they’re missing out on gains, too. That’s because this is no longer a market you can simply ride with a passive index fund. We’re now entering a new investment world that requires two things: Active management (because the pandemic has sharply split this market into winners and losers) and … More income. With the volatility we’ve lived through, I think you’ll agree that a high cash stream, like, say, the 7%+ dividends you get from actively managed closed-end funds (CEFs) provides a lot more safety than here-today, gone-tomorrow paper gains. … Read more