Wall Street’s “Broken” Forecasting Is Handing Us Cheap 8% Dividends

There’s a “secret” floating around no economist or pundit wants to admit: all the usual measures of predicting the economy’s direction are broken. That’s ushered in a shift from the old ways of forecasting (which were never that great, to be honest) to the new—and set up a “one-time-only” sale on the best 8%+ yielding closed-end funds (CEFs) out there. Buying CEFs—which are renowned for their huge (and often monthly) dividend payouts during this “window” is smart for anyone looking to set themselves up for 8%+ payouts for decades to come. We’ll look at one specific fund yielding 8.2% and trading for a bargain 14% below its “true” value in a moment.… Read more