Revealed: Buffett’s Secret Dividend (yours at a 16% discount)

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The Contrary Investing Report > NYSE:EDF

Today I’m going to show you a bargain-priced closed-end fund (CEF) that’s a standout now—not only because it’s a steal, but because it holds some of the best stocks on the market.

In fact, it takes its inspiration from one of the best investors of all time—Warren Buffett. And the fact that it pays a near 4% dividend yield doesn’t exactly hurt, either.

Before I reveal this fund, let me explain something.

When someone says a CEF is “cheap,” they’re usually referring to the difference between how much that fund sells for on the market (its market price) and the intrinsic value of its portfolio if it were liquidated now—known as the net asset value, or NAV.… Read more

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Right now, there are two closed-end funds (CEFs) you need to sell immediately—or steer clear of if you don’t already own them.

Before I reveal them, I want to explain the unmistakable sell signal both are showing as I write this. You can easily use it to “crash-test” the CEFs in your own portfolio, or spot CEF bargains.

A Built-in CEF “Sell Alert”

I’m talking about the difference between the fund’s market price and per-share net asset value, or NAV (which is just another way of saying the value of the CEF’s holdings).

CEFs usually trade at a discount to NAV, and if you’re a subscriber to my CEF Insider service, you know we’ve banked some impressive returns by waiting for those discounts to get ridiculously wide, buying, then holding on as the discount reverts to normal, pushing the share price higher as it does.… Read more

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Today I’m going to peer into my crystal ball and give you the scoop on where high-yield closed-end funds (CEFs) might be headed in 2019.

Then I’ll give you a proven way to zero in on the ones that are the best bargains for your portfolio now.

CEFs Come Out Flying

First, if you own stocks through CEFs (and if you don’t, click here to discover why these 7%+ payers are a retirement “must-have”), you’re already outrunning the market: my CEF Insider Equity Sub-Index—a great proxy for stock-owning CEFs—is up 13.7% since January 1, a nice lead on the S&P 500’s 12.3% gain.… Read more

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It’s everyone’s dream—a double-digit yield. And what’s dreamier than a 13.6% payout?

That’s exactly what the little-known, small fund I’m going to show you today promises.

And you should run away fast.

Before I explain why, let me tell you what this fund does and how it works.

I’m talking about the Stone Harbor Emerging Markets Income Fund (EDF), a tiny fund focusing on developing countries that has just $229.4 million in assets under management.

For the last 8 years, the fund’s managers have been doing their best to make it grow (and keep its juicy 13.6% payout coming) by choosing the best stocks, bonds, foreign currencies and other assets in emerging markets.…
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You’ve probably noticed that we’ve been spending a lot of time digging into closed-end funds lately.

The reason is simple: These ignored investments can set you up for 7%+ dividends and quick double-digit upside in one buy!

(In fact, Michael Foster, chief strategist of our CEF Insider service, just held a free webcast where he revealed his 5-step CEF picking system and 2 explosive new high-yield picks. If you missed it, click here to view a rebroadcast.)

But that doesn’t mean all of the 500+ CEFs out there are great. In fact, many boast dividend payouts they just can’t cover with earnings (see dangerous CEF No.…
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