Here’s an “Omicron-Resistant” Fund With a Safe 6% Dividend

The Omicron variant is here—what does it mean for us dividend investors? Simple—we’ll simply do the same thing we did the last time COVID spooked markets: buy tech-focused closed-end funds (CEFs) with huge payouts! Members of my CEF Insider service will remember that we did just that in March 2020, at the trough of the market’s initial pandemic plunge, buying the BlackRock Science & Technology Trust II (BSTZ) when it yielded 7.3% and traded at a 6.6% discount to NAV. We then rode it to a nice 21% total return in just two months! BSTZ Gave Us a Nice Profit in the First COVID Panic Our first hint that tech is the right thing to buy now is came in last Friday’s chaos, in which all countries saw their markets dip, but interestingly only the tech-focused NASDAQ 100 (QQQ) fell less than 2% That’s telling, because if governments around the world institute new shutdowns, the last sector to suffer will be tech.… Read more