A Recession in 2023? This 9% Dividend Doesn’t Care

There’s almost certainly a recession on the way, and we closed-end fund (CEF) investors have a big edge over mainstream investors. That edge is our high, reliable (and often monthly) CEF dividends. Thanks to those mighty payouts (the average yield on our CEF Insider service ’s portfolio is 9.9% today), we can bide our time, collect our dividends and buy bargain-priced CEFs on the dips. In fact, we don’t have to wait long: I’ll give you a conservative CEF pick to consider below that yields 9%, holds oversold large cap tech stocks, like Microsoft (MSFT) and Apple (AAPL), and is a bargain, to boot.… Read more