Brett Owens graduated from Cornell University and soon thereafter left Corporate America permanently at age 26 to co-found two successful SaaS (Software as a Service) companies. Today, they serve more than 26,000 business users combined. He took his software profits and started investing in dividend-paying stocks. Mr. Owens employs a contrarian approach to locate high payouts that are available thanks to some sort of broader misjudgment. Renowned billionaire investor Howard Marks called this "second-level thinking."
A two-year interest rate trend is about to turn. When it flips, JPMorgan Chase & Co. (JPM) CEO Jamie Dimon’s safe, somewhat-secret, 7.4% dividend play will directly benefit. I’m talking about my favorite bond fund for 2024, the iShares JP Morgan USD Emerging Markets Bond ETF (EMB), explains Brett Owens, editor of Contrarian Income Report.
Closed-end funds (CEFs) are ready to climb after a two-month decline. In preparation, some investors are buying funds that feature convertible bonds. But I'd favor the fixed income category that everyone hates – and buy Nuveen AMT-Free Municipal Credit (NVG), says Brett Owens, editor of Contrarian Income Report.
I recently talked about maraschinos in a dividend column because we finally have some bond funds worth cherry picking. Let’s look at three funds below. They are all run by the same fixed-income deity. One – the DoubleLine Yield Opportunities (DLY) – is ridiculously cheap, opines Brett Owens, editor of Contrarian Income Report.
We have 20 stocks and bond funds in our Contrarian Income Report portfolio, yielding nearly 8.1% as I write. That said, not all current positions are equally attractive destinations for new money. Some are buys — even best buys — but some are holds. One of the top names is AllianceBernstein Global High Income Fund (AWF), notes Brett Owens, editor of Contrarian Income Report.