My First Call of 2024: Grab This 9.8% Payer While It’s Still Cheap

Think back one year for a moment. You’ll surely recall that back in early ’23, the media was in high dudgeon, warning about an oncoming recession. It never happened, of course, as we gleaned by simply following the data at my CEF Insider high-yielding investing service. But the “hangover” from that missed prediction is still— still!— creating opportunities for us to pick up high-yielding closed-end funds (CEFs) at bargain prices. Here’s how: now that we’re 12 months out from those incorrect doomsday predictions, many media outlets are backtracking. Consider this recent quote from Bloomberg Opinion columnist Nir Kaissar: “This time last year, a lot of people were convinced the US would slide into recession in 2023.… Read more