3 Buys for Windfall Gains (and 6% Dividends)

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Remember the panic selling in February? It all seems silly now—the economy is surging, companies are beating high earnings expectations and American consumers are more confident than ever.

And the stock market is finally catching on—the S&P 500 is up a solid 5.9% in 2018, and the momentum for stocks to go higher is clearly there.

You’re Not Too Late for the Biggest Profits

The good news? You can get into this raging bull market and still see a lot of upside.

Since the market is still a sliver off its all-time high (which it hit in January, before the plunge), we are nowhere near a top—especially since earnings have soared since then.…
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One of the best things about closed-end fund (CEF) investing is the terrific “bonus” discounts CEFs give us on stocks and other investments.

Here’s what I mean by a bonus discount: CEFs often trade at a level far different—and cheaper—than their net asset value (NAV), or the market price of a fund’s portfolio holdings.

And these discounts aren’t peanuts: you can easily snag CEFs trading at, say, $1.00 per share when their “real” value is $1.10 share—or more.

Right now, there are 3 low-risk, highly diversified funds trading at a near 20% discount to their NAVs (17.6%, on average). All 3 boast dividend yields far higher than the average S&P 500 stock, with one set to pay us up to 9% in cash, in the form of a special dividend.…
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After months of grinding higher, stocks have taken a bit of a breather. And one obscure corner of the market went lower still.

I know I don’t have to tell you that when that happens, contrarians like us are set up for some nice gains, so long as we don’t let emotion cloud our judgment.

And there are indeed some nice gains on tap with 3 cheap funds I’ll tell you about shortly. They’re all closed-end funds, a special kind of investment that throws off eye-popping dividend yields (one of the 3 CEFs I’ll show you yields a hefty 9.3% now!).…
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About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

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