My Advice? Sell These 2 Dividend Funds in 2023

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My Advice? Sell These 2 Dividend Funds in 2023

There’s a disconnect setting up in the energy market that’s a flashing yellow light for investors—particularly if you’ve been playing high-flying oil stocks in 2022.

That would be the fact that oil stocks have become “unhooked” from the underlying oil price, as you can see below:

Oil Stocks Zig, Oil Prices Zag

The purple line is the United States Oil (USO) ETF, which tracks the price of light, sweet crude delivered to the distribution hub at Cushing, Oklahoma.

The orange line is the Energy Select Sector SPDR ETF (XLE), a proxy for oil stocks, with big-cap names like ExxonMobil (XOM), Chevron (CSX) and Marathon Petroleum (MPC) among its holdings.… Read more

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These 8%+ Dividends Could Fall Hard in a Recession

Members of my CEF Insider service and I always look for big dividends we can collect for the long haul. I’m talking 8%+ payouts here, many of which come our way monthly. (This is possible with CEFs, and these funds’ discounts to net asset value, or NAV, give us some nice upside to go along with those payouts).

By thinking long term, we give our CEFs’ discounts the time they need to close, propelling their share prices higher. (There are exceptions to this, however, such as with covered-call CEFs, which do better when markets are volatile—we tend to swing in and out of these as volatility ebbs and flows.)… Read more

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3 Ways to Tap Rising Oil Prices for 8%+ Dividends

If you’ve sat out oil stocks until now, it’s easy to think you missed the boat. After all, oil’s big run has sent shares of producers (and pipeline operators) soaring. That’s meant lower dividend yields—and higher valuations—for folks who decide to tiptoe in now.

But there’s a way we can “turn back the clock” and squeeze 8.1%, 8.7% and even 8.9% dividends out of energy stocks. (These are the actual yields on three overlooked funds I’ll show you in a moment.)

Those are the kinds of yields you could only get back in April 2020, in the teeth of the COVID crisis, when oil stocks were on their backs, their depressed prices sending their yields soaring.… Read more

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3 “Perfect for 2022” Dividends Paying 8.2% (And Selling for 20% Off)

I shudder when folks tell me their portfolios can’t give them a decent income stream. Because I know there’s an easy way for them to get safe 8%+ payouts—and everyone misses it.

Let’s be honest. When it comes to investing, most people limit themselves to the blue chip stocks of the S&P 500. The problem? These stocks pay a miserly 1.2% average yield. So you’re getting a measly $1,200 in yearly dividend income for every $100K invested!

No one is retiring on that—unless they have a couple million bucks lying around.

But there is another way. It’s a potent income generator I’ve been specializing in for more than a decade—and sharing with investors through my CEF Insider service.… Read more

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