There’s a scary-sounding catchphrase making the rounds these days—and it’s tricking folks into missing out on big dividends (I’m talking yields of 8.6%+) and upside.
The catchphrase: “earnings recession.”
You might have heard these two words. If you take them at face value, you could easily take them to mean that it’s time to hold off on stocks, particularly with the market hitting all-time highs on the regular.
That would be a mistake, because now is the time for us contrarians to buy—particularly high-yield closed-end funds (CEFs) like the 8.6% yielder I’ll show you below. It holds many of the top S&P 500 names you know well, like Apple (AAPL), Alphabet (GOOGL) and Amazon.com (AMZN).… Read more