Income Factory's Bavaria explains how closed-end funds are an assembly line for payouts

Financial journalist Steven Bavaria of SeekingAlpha.com -- author of 'The Income Factory: An Investor’s Guide to Consistent Lifetime Returns" -- talks about how current market conditions should have investors looking to closed-end funds as a way of generating consistent income streams. Bavaria compares closed-end funds to factories, where the company owners are more concerned with the production they get from the workshop rather than the moment-by-moment value of the building. He notes that the strategy is particularly comforting now as a balance to market news and noise.