This Contrarian Tech Trend Is Ripe for Buying (for Big Dividends and Gains)

We need to talk about SPACs, the popular kids of the investment world over the last year, because they could play a bigger role in our portfolios—and even our dividend income—in the future. Few people associate SPACs (or special purpose acquisition companies) with dividends. That’s because these so-called “blank check” firms are all about growth: they’re set up and pushed through an IPO simply as a pile of money that’s been pooled by investors. Then, post-IPO, their managers purchase an existing private company (with many SPACs focusing on the tech space). By doing so, the newly acquired firm immediately becomes public, since the SPAC is already a public entity.… Read more
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