“Dad?”

The question came from two seats to my left. I leaned over and looked into my oldest daughter’s inquisitive eyes.

“Bolte is better than Judge?”

She asked it with a look of pure disbelief. A kid who’d just made a discovery but couldn’t believe her conclusion.

Last Friday night, my daughter had spent the first couple of innings parsing the center-field scoreboard, which lists each team’s batting averages. Henry Bolte, the Athletics’ 22-year-old rookie, had just pushed his average over .300. The shiny number jumped off the big screen at her, especially after I’d mentioned an inning earlier that hitting .300 is good.… Read more

Inflation forever?

The fear has taken root seemingly everywhere: the media, the bond market, the futures market. They’ve all bought into the idea that scorching price hikes (and high interest rates) are here to stay.

If you’re like me, my fellow contrarian, you’re paying attention—but you also know something else about times like these: When everyone expects something to happen, something else usually does.

That’s what I want to talk to you about today. Because all the data I’m watching tells me the crowd is wrong: It’s deflation, not inflation they should be focused on.

Falling rates, not rising rates.… Read more

The stock market is roaring, and according to the media, it’s all because of AI.

But is that really true?

Because if it is, there must be other corners of the market, beyond tech, that are being overlooked. And that’s where we contrarians want to go hunting for high, steady (and cheap!) dividends.

Let’s break this question down, starting from a 50,000-foot view, then zeroing in on an ignored 8.1%-yielding fund with strong upside as investors come to realize its true value.

Source: State Street Investment Management

This table is a great starting point—a kind of roadmap to where the cheapest stocks in the S&P 500 might be hiding out.… Read more

We contrarians always need to remain a step ahead. That means to find the best deals and yields, we need to be where everyone else isn’t (yet).

Right now, that means we’re taking a trip to the bank—to collect up to 12.3% annually in dividend checks.

Financials are in the tank. They are the dogs of 2026 thus far. A proposed national cap on credit card interest rates spooked mega-banks like Citigroup (C) and integrated card companies like Capital One Financial (COF). Then, advances in artificial intelligence sent shockwaves throughout the software industry, stoking a panic among private lenders like business development companies (BDCs) as well as traditional banks.… Read more

Let me take you back to April 2001 for a second. Because that year brought a key turning point for income investors.

I’m talking about the launch of the SPDR Dow Jones REIT ETF (RWR). The fund rolled down the skids with a simple mission: Give investors an easy way to buy a diversified basket of real estate investment trusts (a.k.a. REITs) in one low-cost index fund.

It was exciting because, back then, REITs had outperformed stocks when their high payouts were reinvested. And their dividend yields were much higher than those of the typical S&P 500 name, too.

Backed by reliable rents, as well as the constant need for space to store and sell things (for businesses), as well as places to live, work and have fun (for individuals), the sense was that demand for real estate would never end.… Read more

Think it’s a good idea to ask ChatGPT to run your retirement portfolio?

(I know that you don’t, my careful contrarian. But we both have friends that are more than tempted to trust the bots! Here are the cautionary numbers that show AI models are not very good at running money.)

A startup called Nof1 recently ran an experiment. It handed $10,000 each to Claude, ChatGPT, Gemini, Grok and four other leading AI tools. The humans gave “seed capital” to the bots.

Here’s $10K. You have two weeks to trade US stocks. Make some money. Now GO.

How much do you think each bot turned its initial $10K into?… Read more

Most people think you can’t time the market. That’s nonsense. Not only is it possible, it’s easy.

That’s a bold claim, I know.

Today I’m going to show you how to do it with far less risk than the average investor would face. The best part? We don’t have to wait for the next panic to put our plan to work. We can start now.

This strategy not only helps shield us in a panic—it leverages market chaos for bigger gains (and a fatter income stream) down the road. That’s in large part because of this plan’s “secret weapon”: dividends. Or more specifically dividend growth.… Read more

There’s a clear “disconnect” happening in the US economy right now. And most investors are on the wrong side of it.

Funny thing about it is, it’s pretty obvious. We hear about both sides of it in the news daily, but few people truly see it for what it is. And the 10.5% dividend we’re going to discuss today is the perfect play on this misconception.

The first part of our opportunity? Consumer sentiment, which I’m sure you’ve heard is in the tank:

Here’s the University of Michigan consumer-sentiment survey over the last 50 years. At the right side of this chart we see that the current level is the lowest it’s been in all of that time.… Read more

Using vanilla websites for your dividend research? Be careful.

Many of these mainstream sites miss the most important payment of the year for “special” dividend companies!

This oversight could have us overlooking thousands of dollars in potential yearly income. And yields up to 14.6%!

Would you believe what this 14.6% payer is listed at on these lame sites? 0.2%. Zero-point-two percent.

Yup. Which is why we contrarians do our research with a focus on special dividends.

Specials uncommon enough that many investors don’t know much (if anything) about them. In short, they’re one-time cash payouts, usually the result of a massive capital boost—say, selling off a piece of the company or delivering blowout annual profits.… Read more

Closed-end funds (CEFs) yield around 8% today—and that’s on average. Plenty yield more—and deliver their payouts safely, predictably and often monthly, too.

Members of my CEF Insider service know this. As I write this, our portfolio yields a high 8.8% on average, even as many of our funds’ prices have risen with this year’s strong market. And 12 of our current 21 holdings pay us every month.

All that said, we also know the old adage that something that seems too good to be true usually is. That also applies to CEF yields, especially when we spot a vastly overinflated one (24.6%, say).… Read more