Here’s Your Plan for 6%+ Payouts in Today’s “Dividend Desert”
August 05, 2021 at 05:00 AM EDT
We talk a lot about discounts and dividends in our CEF Insider service . And they’re critical, of course. The need for a high dividend is obvious, especially if you’re in or near retirement. And buying a CEF at a big discount to net asset value (NAV) can slingshot us to serious price gains. But being too focused on one number, be it the discount, the dividend or an individual stock’s P/E ratio, is what renowned contrarian Howard Marks calls “first-level thinking.” To get to the real truth of whether an investment is worth buying, we need to go deeper. Of course, we contrarians know this.… Read more