Tax-Advantaged High-Yield In A Flat Market From Option-Income Funds.

I think it's fair to say that there is a broad consensus that the domestic equity market is poised for a slow-down, if not an outright decline, in the coming months. While I'm not bearish to the point that I foresee a meltdown, I'd be surprised if mid-2014 gives us anything more than quite moderate gains. With this in mind I've been looking to tweak my income portfolio toward something more appropriate to this sort of market. I use closed end funds to provide a significant fraction of my equity income. I also tend to trade among them as market conditions and the status of the individual funds themselves change. Under the scenario envisioned in the previous paragraph, I'm inclined to look at option-income funds, which tend to do better in a flat to moderately down market than, say, leveraged equity funds. A priority for me in selecting among closed... Read more