Every legendary investor worth their salt has some sort of phrase to describe what investors should be doing right this very minute.
“Be fearful when others are greedy, be greedy when others are fearful.”
“Buy when there’s blood in the streets.”
Largely speaking, most stocks on the market are on sale to some extent. And sure, we could go out and make a few targeted bets on these bargains.
But I’d prefer to squeeze even more value out of the stock market.
Enter closed-end funds (CEFs).
Why CEFs Are Our Best Option Now
If we were to go out and buy an exchange-traded fund (ETF) that invests in, say, the Nasdaq Composite or Russell 2000, or really any area of the market you felt was underpriced, you’d be able to enjoy in the collective discounts of all their holdings.… Read more