FCO
abrdn Global Income Fund, Inc.
stock NYSEAMERICAN Closed Ended Fund

I have a few different CMUTs (closed-end mutual trusts). I have owned PCEF in the past, which I liked, but found one that seems to have better performance, CEFS. PCEF and CEFS are a "fund of funds" ETF.
Others I own are BCAT, NXG, FCO, AOD, SRV, PDI, BGT, USA, BST, RCS, PDX, and MHF. Some of these are leveraged and some not. Some are bond-based, and some stock-based. Tech, financials, infrastructure, energy... good diversification and part of my 11% APY portfolio.

A 10% D&I income with minimal NAV erosion is pretty realistic, but it requires risk and diversification. You'd need some really conservative Bond ETFs and staples, combined with some covered call or other strategy for the bigger cash output. And you'd have to be willing to stay the course if a distribution dropped for a time on something (look at Zim Shipping for an example). You'd have to balance it all with an intended total raw API of around 10%, which means, for \~$500/mo, about $50,000. Now, you'd actually want a little more, because if you keep strip-mining your cash every month and leave nothing, any risk that doesn't pay off suddenly has your $500 paycheck looking like $470, $430... and then time to panic, sell something at a loss, make a mistake... $425, $390... yikes. So, bump that $50k to $60-$75k, so you can take out $500/mo. and leave some in for reinvestment.
I currently have my raw APY at 11.3%. Capital growth is pretty slow, but I have been only taking 10% of my D&I income and reinvesting the rest, spreading it across high and low risk, high and low income, products. A few are YMAX, FCO, ASGI, CEFS, VOO, MLPX, TFLO, and XLC. I maintain 64 products total.

I have a few different CMUTs (closed-end mutual trusts). I have owned PCEF in the past, which I liked, but found one that seems to have better performance, CEFS. PCEF and CEFS are a "fund of funds" ETF.
Others I own are BCAT, NXG, FCO, AOD, SRV, PDI, BGT, USA, BST, RCS, PDX, and MHF. Some of these are leveraged and some not. Some are bond-based, and some stock-based. Tech, financials, infrastructure, energy... good diversification and part of my 11% APY portfolio.

A 10% D&I income with minimal NAV erosion is pretty realistic, but it requires risk and diversification. You'd need some really conservative Bond ETFs and staples, combined with some covered call or other strategy for the bigger cash output. And you'd have to be willing to stay the course if a distribution dropped for a time on something (look at Zim Shipping for an example). You'd have to balance it all with an intended total raw API of around 10%, which means, for \~$500/mo, about $50,000. Now, you'd actually want a little more, because if you keep strip-mining your cash every month and leave nothing, any risk that doesn't pay off suddenly has your $500 paycheck looking like $470, $430... and then time to panic, sell something at a loss, make a mistake... $425, $390... yikes. So, bump that $50k to $60-$75k, so you can take out $500/mo. and leave some in for reinvestment.
I currently have my raw APY at 11.3%. Capital growth is pretty slow, but I have been only taking 10% of my D&I income and reinvesting the rest, spreading it across high and low risk, high and low income, products. A few are YMAX, FCO, ASGI, CEFS, VOO, MLPX, TFLO, and XLC. I maintain 64 products total.