3 Bargain Funds Yielding 7.5%+ (Perfect for 2023)

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3 Bargain Funds Yielding 7.5%+ (Perfect for 2023)

We’ve got plenty of high-quality dividends on the table as we roll into 2023. Some of the best? Closed-end funds (CEFs) yielding north of 7.5%. Three specific names and tickers are coming up for you below.

I mention quality because if 2022 has showed us anything, it’s that quality matters: crypto and profitless tech got clobbered this year, and that was no one-off. With interest rates rising, these gambles—I say “gambles” because buying these was always more like a trip to the slot machines than investing—are likely down for the count.

You can see this in the performance of the NASDAQ 100, which is down some 28% year to date, as well-run, high-cash-flow companies like Apple (AAPL) and Microsoft (MSFT) were dragged down by basket cases like Meta Platforms (META) and its money-bleeding investments in the metaverse.… Read more

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3 Hated Funds Set to Bounce, and Pay 6%+ Dividends

Far too many investors ignore dividends, even in a bull market. When there’s a correction, like the one we’ve seen over the last few weeks, they flip the script, making safe cash dividends a lot more popular.

Luckily for us, there’s one ignored corner of the market where we can grab payouts that triple what the typical stock dribbles out.

That would be in municipal bonds, or “munis” for short. We hold one fund that owns such bonds, the RiverNorth Managed-Duration Municipal Income Fund (RMM), in our .

Munis are a kind of debt instrument issued by local governments to fund infrastructure.… Read more

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My Crisis-Investing Strategy for 7.1% Yearly Dividends (forever)

This crisis has hit income-seekers—particularly retirees—hard. After the stomach-churning March selloff came the slashing of “sacred cow” dividends, like those of senior-care providers Ventas (VTR) and Welltower (WELL).

Look to Closed-End Funds for Retirement Income

It’s understandable (and healthy!) if the past few months have made you extra cautious when picking dividend stocks. The good news on the dividend front is that you can still find plenty of high, safe payouts in my favorite corner of the high-yield market: closed-end funds (CEFs).

CEFs are a great pick for retirement income today, for three reasons. First, they still give you access to large-cap stocks you know well: mainstays like Visa (V), Apple (AAPL) and Johnson & Johnson (JNJ) feature in many equity-CEF portfolios.… Read more

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