A 7.9% Dividend With No Taxes? This Ticker Does That (and More)

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A 7.9% Dividend With No Taxes? This Ticker Does That (and More)

Today we’re going to use a simple strategy to (legally!) beat the tax man. The key is a (too) often-ignored group of funds whose dividends are beyond the reach of the IRS.

The low-risk assets behind this income stream really should be part of any income investor’s portfolio. And the three tickers we’ll discuss below, which yield up to 7.9%, are a great place to start. Thanks to their tax-free status, their “real” yields will likely be considerably more for us.

Enter “Boring But Beautiful” Municipal Bond Funds

Here’s the truth on taxes: If you’re an American and you receive any kind of income, you’re going to get taxed.… Read more

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My Latest Recession Prediction (and 3 Safe Funds Yielding Up to 5.8%)

As dividend investors—and closed-end fund (CEF) investors, specifically—we know to stay the course when market corrections hit: we don’t want to sell and cut off our precious payouts!

That’s the opposite of the fanboys and girls who dabble in crypto, profitless tech stocks, NFTs and God knows what else. When recessions arrive, they’re free to bail—though they always do so way too late. Then they’re forced to sit and watch what’s left of their cash get devoured by inflation!

By staying the course, we don’t have to worry about those risks: with our CEFs’ high yields, we can sit tight during rocky times, happily collecting our payouts until things calm down.… Read more

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“Crash-Proof” Your Portfolio With These Tax-Free 5% Dividends

There’s a group of 7%+ dividends out there that are perfect for today’s market. They’re far less volatile than “regular” stocks, their payouts are tax-free, and (for now) you can get them for a steal—as cheap as 93 cents on the dollar!

That puts them high on the list of “refuges” from the speculative stocks the mainstream crowd is fleeing these days—and we want to make sure we get in first! (And we’ll do that with two muni-bond funds we’ll name below. Their tax-free yields could be worth up to 8.9% to you, depending on your tax bracket.)

I’m talking about municipal bonds—specifically municipal bonds we can buy through my favorite high-yield investment: closed-end funds (CEFs).… Read more

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These 10 “Crisis-Proof” Funds Yield Up to 10% (with 17% upside)

After watching the S&P 500 crash, then levitate, over the past seven months, I’ve come to one conclusion: high-yield closed-end funds (CEFs) are disrespected now—and that makes them a great contrarian buy.

Sure, some CEFs are cheap for a reason (I’m looking at you, energy funds). But there are plenty of undervalued winners, too. And plenty of CEFs have crushed the market this year, including 10 that have returned more than 8%. This top-10 list, which I’ll show you below, includes CEFs that have doubled, tripled—and even quadrupled the S&P 500’s 4% return.

What’s more, these funds all have one thing in common that sets them up for even bigger gains: strong management, proving once again that who manages your money is just as important as what you invest in—especially if you’re looking to boost your portfolio’s income stream with the 7% (or higher) dividends the typical CEF throws off.… Read more

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