2 Contrarian Fund Picks (1 Paid a Monster 15.7% Dividend Last Year)

We’re seeing signs every day that this pouting market is way oversold—and contrarians that we are, we’re going to work this sentiment to grab stout closed-end funds (CEF) paying dividends yielding north of 7% that have been unfairly beaten down. Here’s my take on how far off-base today’s investor mood is. In a moment, we’ll dive into 2 CEFs yielding up to 8.5% we can buy to cash in. Inflation is not hurting corporate profits. If anything, profits are going up across the board. Many companies have seen their profits—and profit margins—rise in the earnings season that’s currently underway. Supply chains have challenged businesses, but they haven’t caused the economy to grind to a halt. … Read more