Buy This 7.5% Dividend to Profit From a September Market Storm
Michael Foster, Investment StrategistUpdated: September 8, 2022
By now you’ve likely heard that September is the worst month for stocks. It’s all over the media! But September is also a great time to buy a unique type of dividend fund that cashes in when volatility rears up (these funds will pay you blockbuster yields north of 7%, too!).
I’m talking about a special type of closed-end fund (CEF) called a covered-call fund, which makes more money every time the market panics. They then turn that cash over to us in the form of a dividend that crushes anything you’d get on a blue-chip stock or Treasury.
Don’t let the jargon-y name throw you.… Read more