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 greatest things about closed-end funds (CEFs) is that they often cost less than they’re really worth.

And no, I’m not basing that on some obscure metric—I’m literally talking about the difference between the market price of the assets the fund owns and the market price of the fund itself.

It works like this: a CEF can trade for, say, $9.90, even though all the assets the fund holds (known as the net asset value, or NAV) are worth $10. Believe it or not, this happens a lot—it’s exactly how billionaire investors make big money in CEFs.

Take, for instance, Boaz Weinstein of Saba Capital Management.…
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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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