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."
Rates are topping. The 10-year yield peaked last fall. Bond traders looked ahead and saw inflation numbers coming down. Or a recession. Or both. That’s why we are buying PIMCO Dynamic Income (PDI) again, explains Brett Owens, editor of Contrarian Income Report.
Worried about a recession? So are countless other investors. Which means it might be “last call” on a bond sale. The flavor-of-choice that has my attention today is Nuveen Municipal Credit Income (NZF), notes Brett Owens, editor of Contrarian Outlook.
The meltdown in the banking sector caused the S&P 500 to shed 8%. That’s creating some fantastic buying opportunities, including in a “megatrend” dividend stock that will benefit as interest rates settle down: Crown Castle (CCI), notes Brett Owens, editor of Hidden Yields.
With a high short interest, but also a hefty dividend and stock buyback underway, Medical Properties Trust (MPW) makes an attractive investment, writes Brett Owens, editor of Contrarian Outlook.