Author: Michael Foster, Contrarian Outlook

It’s the kind of fund that investors can ignore only for so long — and when they come back aboard, its discount is likely to narrow (taking its share price with it.)

It’s gotten very easy for the fund to maintain its dividend, but instead of pricing shares at a premium, the discount is getting wider!

Let’s go ahead and build ourselves an “instant” income portfolio throwing off a reliable high yield.

We’re facing a “2016-like” moment in bonds these days, meaning anyone who buys now has a shot at locking in 10%+ dividends for decades — and a shot at price upside, too.

Not only could it cut the total savings you need for retirement in half, but it could help lower the amount of time you have to keep working, too.