o/t, I have been touting ADX and CET...
for over ten years. Great holds for Americans in your IRA, and a great hold for rubes and suckers in a taxable account,


Sadly, not true. At all. You should have been touting FCNTX.

1993-01-29 - 2025-12-23      $10,000 initial.  All dividends reinvested.
Symb  End value CAGR  MaxDD volatility
CET   $280,053  10.66%  -57%  18%
ADX    $90,583   6.93%  -72%  78%
GAM   $136,203   8.26%  -67%  19%
FCNTX $770,901  14.12%  -49%  18%
SPY   $283,937  10.71%  -55%  19%

 
testfol.io: Portfolio Backtester for ETFs and Asset Allocation
click "Logarithmic scale" on the chart

CET matches SPY, and both beat ADX & GAM.

FCNTX beats them all.

Last 10 years, CET, ADX, and FCNTX are almost the same in Total Return. testfol.io: Portfolio Backtester for ETFs and Asset Allocation

Same period, CET, ADX, & GAM, take dividends, not reinvest. CET handily beats ADX & GAM.
Ditto for the entire period since 1/29/1993. In fact, ADX is by far the worst.

Adjust for CPI inflation, 5% annual withdrawal monthly is sad ^h^h^h Terrible.
testfol.io: Portfolio Backtester for ETFs and Asset Allocation

4% is better, ADX is the only one that crashes. The other two just barely survive.
CET matches SPY, and both beat ADX & GAM.

2024 distribution yield of 10.9%.
Too bad about losing all your money long term. ;-(

Takeaways:
* Investing for current income is very expensive.
* You need to backtest the claims for investments.