Sell All Your ETFs Now (and Buy These 8% Dividends Instead)

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Sell All Your ETFs Now (and Buy These 8% Dividends Instead)

I had an odd experience a couple weeks ago.

I met up with some money managers and financial advisors. They were discussing the same problem: how tough it is to beat the market.

Since I focus on closed-end funds, and since I know of many CEFs that have beaten the market thanks to smart managers (I showed you 16 whose average return has crushed the S&P 500 back in November), I found this discussion puzzling. I asked them what they thought about the CEFs that have beaten the market.

The responses were pretty much the same. “It won’t continue … they were lucky … they just beat the market for a short period … index funds will ultimately outperform.”

A Cult in the Making

The trend toward passive index investing is turning into a cult.…
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3 Income Funds That Make Apple Investors Look Broke

If you’ve held Apple (AAPL) for a long time, you’re probably feeling pretty smug. And you should—the stock is way up over just about any time period and has nearly doubled in the last five years:

Apple’s Sparkling Performance

Clearly, Apple is an amazing stock. But what if I told you we can top that 96.3% gain in the next five years?

All we have to do is go someplace most investors aren’t. I’m talking about high-yielding—and almost totally ignored—closed-end funds.

The three I want to show you today are the PIMCO Dynamic Income Fund (PDI), the Tekla Life Sciences Investors Fund (HQL) and the Western Asset Mortgage Defined Opportunity Fund (DMO).…
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