2 Monthly 10%+ Dividends To Buy Now (As Tax-Loss Selling Starts Early)
This year, Christmas (for dividend investors!) is set to arrive two months early.
Our gift?
A chance to grab our favorite high yielders—closed-end funds (CEFs) paying 10% and more—on an early “year-end” sale.
How cheap are we talking here? How about 90 cents on the dollar? In some cases less.
We’ve got an early start to the year-end tax-loss selling season to thank for this opportunity.
Forget Year-End: The Best Dividend Deals Are Right Now
Our play starts with the fact that CEFs are a small market, with only around 365 out there. That means they’re mainly held by individual investors, since most CEFs aren’t big enough to move the needle for the big guys.
And when I say these funds are mainly held by everyday folks, I mean it. Individuals make up around 90% of CEF owners, according to one source.
You and I both know the mainstream crowd is highly likely to overreact to the headlines. That’s our “in,” because I expect these folks to get a little uncomfortable in the weeks ahead. As they do, they’ll sell—and we’ll be there to scoop up the bargains!
Here’s what I see driving that selling pressure…
