This Unloved CEF Is Built for a Crisis (and pays 7.1%)
June 25, 2020 at 05:00 AM EDT
Today we’re going to cut through the economic hype surrounding this crisis and jump on a little-noticed opportunity for double-digit upside and 7% dividends, too. I’ll get into the raw numbers, and some specific tickers, shortly. First, here’s a figure you may have read in the news: US households lost $6 trillion in the first quarter of 2020. That’s tough to get your head around: it equates to $57,551 per household. Taken on its own, you might think it means we’re in for a long, dreary recovery. But there are a few facts we need to complete the picture. The first: Americans didn’t go that deeply in debt to offset that loss.… Read more
