3 Bank Funds To Buy For Your Retirement Income

Jul. 01, 2024 7:35 AM ETBTO, CLOA, JAAA30 Comments
(10min)

Summary

  • The financial sector is still out of favor due to rate shock, income is pouring into the willings' coffers.
  • You can invest in banks, bank-like institutions, or both. Don't neglect this sector.
  • Lower risk, higher yields, a retiree's dream.
  • Looking for more investing ideas like this one? Get them exclusively at High Dividend Opportunities. Learn More »

Outside view of a bank with American flag

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Co-authored by Treading Softly

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This article was written by

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Rida Morwa is a former investment and commercial Banker, with over 35 years of experience. He has been advising individual and institutional clients on high-yield investment strategies since 1991.

Rida Morwa leads the Investing Group High Dividend Opportunities where he teams up with some of Seeking Alpha's top income investing analysts. The service focuses on sustainable income through a variety of high yield investments with a targeted safe +9% yield.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BTO, JAAA, CLOA 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.

Treading Softly, Beyond Saving, Philip Mause, and Hidden Opportunities, all are supporting contributors for High Dividend Opportunities. Any recommendation posted in this article is not indefinite. We closely monitor all of our positions. We issue Buy and Sell alerts on our recommendations, which are exclusive to our members.

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SymbolLast Price% Chg
BTO--
John Hancock Financial Opportunities Fund
CLOA--
iShares AAA CLO Active ETF
JAAA--
Janus Henderson AAA CLO ETF

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