This 9.6% Dividend Is a Screaming Buy (for a reason no one realizes)

It’s a proven way to get in on a closed-end fund (CEF) before its next huge surge: watch for the managers to buy shares of the fund with their own cash —then dive in right alongside them. I’m telling you this now because one of the smartest minds on Wall Street just dumped a pile of his own money—$2.6 million, to be precise—into one of the funds he personally manages. Such a brazen move by an insider is one of my favorite buy signals. Today I’m going to reveal both the investor and the 9.6%-yielding fund he just snapped up. Of course, we’ll also cover the many reasons why you should seriously consider copying his canny move now.… Read more