The “Vibecession” Is Back: How to Profit With 9.7% Dividends

The word “vibecession”—basically the idea that people are measuring the economy by feeling rather than by data —is back in the news. That’s because most Americans apparently think we’re in a recession, even though we aren’t. It is, frankly, annoying to those of us who make our decisions on the data alone. But, as they say, it is what it is. So we’re going to go ahead and profit from it! Our tool of choice is a closed-end fund (CEF) that does something no ETF or regular stock could ever do: It “translates” our gains on US stocks into dividends. The dangerous thing about a “vibecession” is that it’s easy to make mistakes as the media pushes a fear-based narrative.… Read more