2 CEFs Custom-Built for This Crash (7.8% yields ahead)

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2 CEFs Custom-Built for This Crash (7.8% yields ahead)

Let’s set aside the noise and talk about the one thing that matters most in a volatile market like this: earnings.

According to recent FactSet data, analysts expect negative earnings growth in the first quarter of 2020. That’s no surprise, given the battering the coronavirus is laying on some sectors of the economy.

But even so, the projected decline as I write was still reasonable: just 0.1%. Things can still change, of course, but it’s important to note that this modest decline comes after a fourth quarter in which earnings grew following three straight quarters of declines—and despite analyst expectations of a 1.7%… Read more

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My No. 1 Strategy for Big Gains (and Dividends) for the Rest of 2018

Remember when stocks took some of the biggest nosedives in market history back in early February?

I know that sounds like a ridiculous question, but I ask because many folks seem to have forgotten, with stocks quite a bit calmer now than they were in those days, even though they’ve seen a little more turbulence recently.

But it’s not too late for us contrarians to go on a bargain hunt—and we’re going to do it with my tool of choice: a high-dividend (I’m talking 7%+ cash yields here), yet easy-to-buy fund called a closed-end fund (CEF).

Wall Street’s Hidden Winners

First off, don’t be surprised if you’re not familiar with CEFs.…
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