BUY Conviction3/5 Analysis quality70/100 now
The YouTuber suggests YYY as a good alternative for high income, despite typically disliking closed-end funds. It holds 45 closed-end funds, diversifying risk and providing exposure to non-stock assets like municipal bonds and preferred shares, which can offer safety during stock market crashes. However, he notes the downside of higher expense ratios due to management costs and leverage.
“the triple y holds shares of 45 closed-in funds so a fund of funds that gives you the higher yields but diversifies the risk away from any one single fund... The fund has 81 percent of its Holdings in non-stock assets like municipal bonds bond funds and preferred shares These give the fund a little more safety and a stock market crash”