Author: Michael Foster, Contrarian Outlook

In short, its high yield is too good to be true.

You haven’t missed the boat yet.

I’m talking about a massive 7.5% income stream here (or nearly 4X the yield on the average S&P 500 stock) — and your capital should grow nicely while you pocket your dividend cash, too.

As investment strategist at CEF Insider, it’s my job to tip you off to the best closed-end funds (CEFs) out there. But it’s ALSO my job to steer you away from those that are, well, terrible.

The fact is, they’ve lost investors millions of dollars since they blossomed in the late 2000s, which is why brokerages are starting to put their foot down.