2 Contrarian Fund Picks (1 Paid a Monster 15.7% Dividend Last Year)

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We’re seeing signs every day that this pouting market is way oversold—and contrarians that we are, we’re going to work this sentiment to grab stout closed-end funds (CEF) paying dividends yielding north of 7% that have been unfairly beaten down.

Here’s my take on how far off-base today’s investor mood is. In a moment, we’ll dive into 2 CEFs yielding up to 8.5% we can buy to cash in.

  1. Inflation is not hurting corporate profits. If anything, profits are going up across the board. Many companies have seen their profits—and profit margins—rise in the earnings season that’s currently underway.
  2. Supply chains have challenged businesses, but they haven’t caused the economy to grind to a halt.

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The way most folks invest, they’ll need way more than a million bucks to retire—in fact, they’ll need almost double that!

No wonder so many people throw up their hands and commit to working till they’re 100. Maybe you’re one of these frustrated souls. With the world in the state it’s in today, I can’t blame you.

But what if I told you that you could retire on a lot less? Like 75% less.

That’s right: a fully paid-for retirement on just a $437,500 nest egg. Save up that much and you can look forward to a steady $35,000 in dividends (which is right around the average personal income in the US) year in and year out.… Read more

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Today I want to show you one of the most ridiculously oversold funds. Not only is it absurdly cheap right now, but it also pays a 7.5% sustainable dividend.

Before I get into those big cash payouts and how they’re possible, let me first explain why this fund is such an incredible bargain today.

Imagine that you could get shares in Microsoft (MSFT), Alphabet (GOOG), Apple (AAPL) and JPMorgan Chase (JPM) for 5.4% less than the market price of all of these companies.

Wouldn’t you buy as much as you could?

Well, now you can, thanks to the Eaton Vance Enhanced Equity Income Fund (EOI).…
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