The post 11 Rules For 10%+ Dividends With Safe Closed-End Funds appeared on BitcoinEthereumNews.com.

Follow the Rules getty If you don’t like these 10% and 12% dividends, well, you’re not really an income investor. That’s right. As I write, select closed-end funds (CEFs) yield 12.8%. Twelve. Point. Eight. Per. Cent! Vanilla “investors” are panicking. Sentiment has hit washout levels. A short-term bottom is near, or perhaps already in. We contrarians are staying calm and locking in the 10% and 12% yields. When the market seas become choppy, we stick to our script. Here it is, broken down in a 11-step playbook for these 10.1% to 12.8% yields. CEF Rule #1: Buy the Best Fixed-income behemoth DoubleLine runs some well-known big funds as well as smaller, lesser-known CEFs. There’s a raging dividend party in the ignored CEF corner of DoubleLine’s portfolio, with yields up to 12.8% via DoubleLine Income Solutions Fund (DSL). This is a no-brainer with “Bond God” Jeffrey Gundlach and his crew at the helm. Gundlach gets the first phone calls on bond deals. We’ll take the insider advantage—with DoubleLine. CEF Rule #2: Don’t Buy the “Bond Bear Forever” Narrative The Federal Reserve’s rate hiking mission will bring a recession. Then, when the economy slows, Jay Powell’s Fed will ease rates. And rate-sensitive stocks—like dividend payers—will rip higher off of the lows. Federal Reserve Bank of San Francisco President Mary Daly admitted this on October 5th. If financial conditions, which have tightened considerably in the past 90 days, remain tight, the need for us to take further action is diminished. Fed Vice Chair Philip Jefferson then backed up Mary, saying officials can now “proceed carefully” thanks to the recent rise in Treasury yields. Fedspeak translation: The bond vigilantes did our dirty work for us by tightening monetary conditions. We don’t need to hike again. On cue, Gundlach weighed in with simple advice: Bond…

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Filed under: News - @ October 26, 2023 2:30 pm