This 12.7%-Yielder Loves Rising Rates (and It’s Cheap Now)

Usually in a bear market like this, something is working somewhere. But I think you’ll agree that since the beginning of 2022, that “something” has been tough to nail down. Treasuries are down some 23% on the year. And we know where the stock market has been. Cash, of course, will always free you from stock- or bond-market volatility. But staying in cash too long leaves you exposed to today’s high inflation. And of course, cash pays zero dividends—and that’s just not an option for those of us looking to fund our retirements on dividends alone. That strategy largely allows you to tune out market volatility, which is why it’s a goal we aim for at my CEF Insider advisory .… Read more