This Quick Move Could Pay You $40,000 a Year (Forever)

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I hate to see so many folks buying into the hype and snapping up popular ETFs like the Vanguard S&P 500 ETF (VOO).

Not only are they denying themselves a proper dividend (with VOO, you’d need a $3-million nest egg to generate a liveable $40,000 income stream!), they’re missing out on gains, too.

That’s because this is no longer a market you can simply ride with a passive index fund. We’re now entering a new investment world that requires two things:

  1. Active management (because the pandemic has sharply split this market into winners and losers) and …
  2. More income. With the volatility we’ve lived through, I think you’ll agree that a high cash stream, like, say, the 7%+ dividends you get from actively managed closed-end funds (CEFs) provides a lot more safety than here-today, gone-tomorrow paper gains.

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We contrarians stayed calm through the market’s fourth quarter hissy fit. We not only held onto our shares through November and December but we also added dividend payers opportunistically to our portfolios.

Now, it’s time for us to be a bit more conservative. Most US stocks have rallied so much that they are now “overbought.” This means they’ve gone up pretty far pretty fast and are due for a breather (or, perhaps, another correction).

Of course certain elite dividend growers are still good long-term buys at current prices (aren’t they always). And a select five-pack of these picks also represents solid short-term purchases as well.… Read more

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