With stocks crowding all-time highs, we need to follow our contrarian instincts now more than ever.
That, of course, means going where everyone else isn’t.
And the best contrarian investment I can think of right now is municipal bonds, or bonds issued by state and local governments to pay for vital infrastructure.
Don’t click away! Because these “sleepy” bonds boast dividends so high that, simply by buying them, you could match, or even beat the stock market’s long-term historical return (around the 7% to 8% range) in dividends alone.
Better still, “munis” boast the highest stability on the market, so we’ll be “backstopped” by rock-steady prices while we collect our outsized dividends.… Read more