The Closed-End-Fund reviewed here, the Adams Diversified Equity Fund (NYSE:ADX) is managed by Adams Express, a firm that dates back to 1854! The CEF was launched in 1929, just weeks before the market crash; how is that for timing! Several years ago, I wrote NotDRIPing High-Yield Securities Is Costly To Your ROI, which examined if skipping dividend reinvestment made a difference. When comparing the ADX CEF against the SPDR S&P 500 Trust ETF (SPY), we see that one decision makes a huge difference.
Build sustainable portfolio income with premium dividend yields up to 10%.
I have both a BS and MBA in Finance. I have been individual investor since the early 1980s and have a seven-figure portfolio. I was a data analyst for a pension manager for thirty years until I retired July of 2019. My initial articles related to my experience in prepping for and being in retirement. Now I will comment on our holdings in our various accounts. Most holdings are in CEFs, ETFs, some BDCs and a few REITs. I write Put options for income generation. Contributing author for Hoya Capital Income Builder.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of JEPI either through stock ownership, options, or other derivatives.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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