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- by finance.yahoo.com
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Investing $60,000 in These 3 Funds Could Generate Annual Income of Over $6,500
Investing $60,000 in these three closed-end funds (CEFs) could generate an annual income of over $6,500. The BlackRock Debt Strategies Fund (NYSE: DSU), which is managed by giant investment company BlackRock, boasts a lofty distribution rate of 12%. If you invested $20,000 (one-third of your initial $60,000) in this CEF, your annual income would total $2,400 at that rate.