3 Funds That Tame Volatility (And Yield 7%+) [Forbes]
Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX)
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Source: Forbes
3 Funds That Tame Volatility (And Yield 7%+) Getty More CEF Insider So today I’m going to give you an easy way to cushion your portfolio in this whipsawing market. I’m actually going to show you three All three are closed-end funds (CEFs) The best part: we’ll keep our income stream strong and growing, thanks to these three funds’ massive 6.7%+ dividend yields. That kind of income stream isn’t only nice to have, it’ll be critical when we run into the next crisis, as I’ll explain further on. The Covered-Call Edge Let’s start with the traditional ways most people try to cut down volatility. Those would be holding cash—which, of course, gets you zero return—or so-called “safe” assets like Treasury notes, which pay a measly 2.5% at best. If we want to have any kind of livable income stream in retirement, we need to do better. Which brings me to the solution I talked about off the top. It’s called a covered-call fund. Let me explain. “Covered call” refers to a strategy where a fund holds a
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