This Surprising Fund Has Soared 59% (it’s just getting started)
Michael Foster, Investment StrategistUpdated: October 17, 2019
If you own closed-end funds (CEFs), I have great news: equity CEFs are doing exactly what we want them to: crushing the market while handing us 7%+ dividends.
(And if you’re not yet in CEFs, or want to bulk up your CEF holdings, sit tight: I’ll name a fund you can buy shortly. It has an extra kick in store, thanks to an over-torqued corporate failure: I’m looking at you, WeWork.)
First, here’s what stocks have done this year:
Stocks Soar …
And here’s what CEFs are up to (with the beige line at the top being the equity CEFs tracked by my CEF Insider service).… Read more