Sublime

Mike admitted, “I’m one of those rate chasers, so [with $40,000 in emergency savings] I’ve consistently been earning anywhere between 0.65 and 0.85 percent higher than my operating money market account . . . That’s an extra $300/year in interest, which is definitely worth changing banks every four to six months for me.”

One of our favorite CEF managers is Scott Page. He’s been with Eaton Vance, one of the oldest investment management firms in the US, since 1989. He has conducted the Eaton Vance Floating-Rate Income Trust (EFT, not to be confused with ETF, an exchange-traded fund) brilliantly since inception—through rising and falling rate cycles, through rising an