Don’t let the debt-ceiling fracas (or whatever doomsday scenario the media is obsessing over on any given day) distract you: this economy is better than it’s been in years—even if that hasn’t (yet) shown up in the stock market.
This disconnect between what the media is preaching and the facts on the ground is more than a fact—it’s an opportunity for us contrarian dividend investors. And we’re going to exploit it with our favorite investments: bargain-priced (and high-yielding!) closed-end funds (CEFs).
Thanks to all the irrational gloom out there, many CEFs still trade at attractive discounts. As the public comes around (and the data we’ll look at next shows they are), CEFs are likely to rise, both because of their low valuations and gains in the broader market.… Read more