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TEAF: Sustainable Growth And 7% Yield
Summary
- TEAF is a term limited, ESG closed end fund that pays a 7% monthly distribution and has excellent growth prospects over the next 9 years.
- The growing trend in ESG investing is clearly evident and especially started to accelerate in 2020 and is poised to continue growing for the next decade.
- Younger investors entering the market in particular are seeking investments with growth and income potential that also satisfy the need to offer positive environmental and social impacts.
Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable research and vowed to make smarter long-term investing decisions after suffering through the Great Recession with minimal losses to my inherited portfolio, after firing my financial advisor.I look for mostly dividend paying income stocks and funds (BDCs, REITs, CEFs, ETFs) that offer high yield income to increase my retirement income beyond my pension and Social Security. I also enjoy reading investment/financial and business information and following trends in technology and markets. The human psychology of markets is as fascinating and inscrutable to me as the financial side. I am not a financial advisor so please do your own due diligence before making any buy or sell decisions.“The race is not always to the swift, nor the battle to the strong, but that's the way to bet.” Damon Runyon
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TEAF 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.
I just recently learned of this fund and after doing my research and due diligence, decided to include it in my No Guts No Glory IRA portfolio.
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