American stocks are where you want to invest right now. Still, picking the right ones takes some digging, which is why index funds are so popular, observes Brett Owens, income expert and editor of Contrarian Outlook.

Plus, thanks to the selected closed-end funds, you can get the best stocks at an unusual “double discount”. For example, a typical index funds offers dividends less than 2%. But we can get a bigger payout Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW). 

Don’t let the “global” in the name fool you: while it does buy some foreign stocks when the time is right, ETW is a big bet on American consumers.

The fund sports a great portfolio: Microsoft (MSFT), Apple (AAPL) and Alphabet (GOOGL) are among this fund’s top holdings, so you’re getting the companies best positioned to benefit from America’s healthy growth.

Plus, ETW’s payouts are huge: the fund’s dividend currently yields 9.2%, more than four times the payout you’d get from an index fund. What’s more, ETW pays dividends every single month.

The best part: you’re getting these companies at a discount. Since ETW, like many closed-end funds, trades at a market price far lower than its net asset value (NAV), or the real value of the fund’s stocks on the open market, you’re getting Microsoft, Apple, Amazon and the rest for cheaper than you’d get them with an index fund.

Right now, this fund trades at a 4.1% discount to NAV, which makes it one of the many attractive options among CEFs to buy stocks for less than the masses buy them while also getting a huge income stream.

Subscribe to Contrarian Outlook here…