My Plan to Tap the Selloff for Cheap 8.9% Dividends in Tech

After a 30% drop this year, tech is the last sector most folks want to invest in—which makes it a superb hunting ground for us contrarian dividend investors. Even so, we need to be careful in this Fed-spooked environment, where near-term volatility is certain, so we’re going to hedge our tech investments by focusing on a type of closed-end fund (CEF) that gives us the following: An outsized 8%+ dividend that can see us through rough markets without having to sell shares, and … The ability to actually profit when markets get rough. We get both of these rare strengths in the Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX), a CEF whose vitals we’ll delve into in a bit.… Read more