Michael Foster, PhD, has worked as an equity analyst for a decade, focusing on fundamental analysis of businesses and portfolio allocation strategies. Dr. Foster reports are widely read by analysts and portfolio managers at some of the largest hedge funds and investment banks in the world, with trillions of dollars in assets under management. He received his PhD in 2008 and continues to offer consulting services to institutional investors and ultra-high-net-worth individuals.
Today I want to tell you about a fund that is highly unusual in a way that matters a lot to many folks: It is free from a management-fee perspective. In fact, this fund — a closed-end fund (CEF), to be precise — is more than free: It has negative management costs! It’s called the BlackRock Science and Technology Term Trust (BSTZ), writes Michael Foster, editor of CEF Insider.
My kids have become obsessed with the primitive world their father grew up in. “Dad, how did windows go down in the ‘80s?” they asked...and I described the crude tool we used—a roller that required all of the arm strength a young one could muster. Fortunately, most luxuries like automatic windows and satellite radio are better now than they were then, dividend investing included. And JPMorgan Nasdaq Equity Premium ETF (JEPQ) is a “luxury” ETF worth buying, explains Michael Foster, editor of Contrarian Income Report.
Let’s welcome back fan favorite Arbor Realty Trust (ABR) to our Contrarian Income Report portfolio. For years, readers have asked about bringing this old flame back into our lives. This is a good time, spells out Michael Foster, editor of Contrarian Income Report.
Big utility dividends are likely to be the darlings of 2024. Which is why we’re loading up on them now. As the economy eventually slows down, interest rates will drop. That’s bullish for “bond proxies” like utility stocks. Dominion Energy (D) is the cheapest blue-chip utility on the board today, highlights Michael Foster, editor at Contrarian Income Report.
“CEF professor,” Michael Foster, delivers every month in CEF Insider. The picks he serves up are handpicked to throw off safe 7%+ yields and 15% total returns in 12 months or less!Learn More