The Ultimate Income Investment: 7% Dividends, 123% Profits Ahead
March 23, 2021 at 05:00 AM EDT
Most people don’t realize it, but there are 500 funds out there paying massive dividends: I’m talking rich 7% payouts on average. That’s five times more than index funds pay! And many of these 500 criminally overlooked funds clobber their benchmarks, too. I’m talking about closed-end funds (CEFs) , which are run by real human beings, not algorithms. And despite what most advisors will tell you, the stock-pickers running CEFs beat the market on the regular. To see what I mean, consider two CEFs: the Duff & Phelps Utility & Infrastructure Fund (DPG), which holds utility stocks like NextEra Energy (NEE) and Dominion Energy (D), and the Tekla Healthcare Opportunities Fund (THQ), holder of major drug firms like Johnson & Johnson (JNJ) and Abbott Laboratories (ABT). … Read more
