100% Upside, 9% Dividends From Bonds? Here’s How.

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These days, you can be forgiven for thinking a wave of bankruptcies is going to hit your portfolio (and your dividends!). But there’s no need to worry: this so-called “wave” is way overhyped—in fact, it could send your portfolio higher.

It’s just one more upside-down thing we investors have to deal with in this crisis.

And get this: you could line yourself up for triple-digit returns (and 8%+ dividends!) if you tap into investors’ (overwrought) bankruptcy fears through a corporate-bond-focused closed-end fund (CEF). I’ll have a ticker (paying a monthly dividend yielding 9.2%) in a moment.

First, let’s dispel one myth: that COVID-19 is behind all the bankruptcies we’re hearing about these days.… Read more

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Need more proof this market is completely upside down? Look no further than this mess with Hertz Global Holdings (HTZ).

You likely know the story: the car-rental chain, run off the road by the coronavirus, filed for bankruptcy over the Memorial Day weekend. On the first trading day afterward, May 26, the stock fell to $0.56 … then soared 10X!

Investors Compete to See Who Can Lose the Most

It’s pulled back a bit since, but is still up 200% from where it stood right after its bankruptcy filing.

And get this: 159,000 of users of the popular Robinhood trading app owned Hertz as of June 19, according to Robintrack.… Read more

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