I can’t tell you how many times I’ve mentioned closed-end funds (CEFs) to investors and been met with blank stares in return. It’s too bad more people don’t know about these powerful income plays because … CEFs let you diversify, not only within stocks but beyond them. Among the 500 or so CEFs out there are funds that own stocks, corporate bonds, municipal bonds, real estate investment trusts (REITs) and more. CEFs often trade at discount to net asset value (NAV, or the value of their portfolios). This means we can buy shares of high-quality firms like Apple (AAPL) for less than market value. … Read more