Contrarians: Our Buy Window on This 8% Dividend Is Open (for Now)
May 14, 2024 at 05:00 AM EDT
It blows me away that folks still think high interest rates will be around forever. Truth is, rates are already starting to fall! But no one’s really paying attention (yet!). Which leaves us a brief window to lock in some sweet 8%+ dividends from one of our favorite utility-focused funds. This bargain-priced buy soars when rates drop. Look Beyond the Headlines for the Real Rate Story Remember January, when all the talk was about how rates would be cut six times this year? Poof. Those hopes were history before winter—such as it was—ended. Nowadays, futures traders have almost completely thrown in the towel—they’re calling for just two rate cuts between now and January.… Read more