Our CEF Playbook for the Rest of 2023 for 6%+ Dividends

Here’s some great news as we head into the summer market doldrums: we’ve got a terrific setup to buy, with stocks rallying, economic data strong—and the S&P 500 (and many high-yielding closed end funds ) still cheap. These bargains exist because of the media’s constant bleating about a recession. But that, of course, has been completely wrong —and I expect it will continue to be. The key takeaway is that our buying opportunity in CEFs is as strong as it’s been since this rally started in January—which is why five of the six CEFs in the equity section of our CEF Insider portfolio , which boasts an 8.8% average yield as I write this, are buys.… Read more