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The average American household’s net worth has soared from $200,000 in the 1980s to $1.2 million today, with more than half of this increase representing actual value creation rather than inflation. The wealthiest 0.1% now controls nearly 14% of total US wealth, highlighting a disparity in financial choices among households.
Investors in closed-end funds (CEFs) benefit from high yields, averaging over 8%, with some funds like the Adams Diversified Equity Fund (ADX) offering an 8.3% dividend yield and a total NAV return of 13.3% over the past decade. ADX has provided a staggering 5,340% return to shareholders since the late 1980s, reflecting its historical performance as a stable investment.
Another notable CEF, General American Investors Company (GAM), launched in 1927, currently yields 9.4%. Its investment strategy includes large-cap companies such as Alphabet and Apple, demonstrating another attractive option for generating income.
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