This Market “Time Machine” Gives You 7.6% Dividends, 39% Gains
June 11, 2020 at 05:00 AM EDT
What if I told you I’d found a way for you to buy Microsoft (MSFT), Apple (AAPL), Home Depot (HD), McDonald’s (MCD) and other big-name stocks for 14% off their current prices? It would be like rewinding the clock on this rebound, wouldn’t it? With stocks now having mostly erased their year-to-date losses, buying at a 14% discount would, in essence, be like buying these very same stocks back in late April: Your Stock-Market “Time Machine” The way to do this is by purchasing a closed-end fund (CEF) that holds these stocks. Not only do CEFs regularly trade at big discounts to their “true” value, but they also pay dividends far higher than individual stocks do—I’m talking rich payouts of 7% and up.… Read more
