This “Battleship” 10.9% Dividend Is a Great Way to Buy Bonds in ’23

Today we’re going to delve into a powerful strategy that can “convert” the bounce we’re seeing in the bond markets into a cool $100K income stream in retirement. Best of all, this simple approach can help you do this without touching a penny of your nest egg. Obviously, doing this with a savings account is impossible; as per the chart below, you’d need $10 million to produce that yearly $100K if your account earns 1%. And we all know that most savings accounts offer far less these days. Source: CEF Insider The key, then, is to push our yield higher while managing risk.… Read more