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."
For many fellow contrarian income seekers, the only prescription for income-and-tax fever is safe, reliable interest payments, combined with a dose of tax write-offs. Which brings us to municipal, or "muni" bonds, observes Brett Owens, editor of Contrarian Outlook.
We contrarians like buying closed-end funds in October because their “discount windows” tend to open the widest this month, notes Brett Owens, chief investment strategist at Contrarian Income Report.
W.P. Carey (WPC) is such a steady hand that we rarely pay much attention to it. All the company does is pay us a generous dividend (5.3%) and raise its payout every quarter. And all its stock price ever seems to do is grind higher, observes Brett Owens, chief investment strategist at Contrarian Income Report.
Three short months ago, the entire financial world was wagering on rising rates. They were collectively bearish on Treasuries and shorted them, and the trade became too one-sided, notes Brett Owens, income expert and editor of Hidden Yields.