Here’s Our “Recession 2023” Game Plan (for Cheap 8.4% Dividends)
October 27, 2022 at 05:00 AM EDT
It’s nearly 2023, and we’re on the precipice of something that’s never happened in our lifetimes: a recession is coming—and when it does, it will surprise no one. Believe it or not, that’s good news because it lets us buy stocks—and high-yield closed-end funds (CEFs)—cheap right now. We don’t have to wait months for the recession to subside. I’ve got an 8.4%-yielding CEF for you to consider below. It’s discounted twice : once because the stocks it holds, which include S&P 500 standouts like Visa (V), UnitedHealth (UNH) and Amazon.com (AMZN), have sold off, and second because the fund itself trades at a rare discount.… Read more
