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.
When it comes to high-yield closed-end funds (CEFs), I’m a big fan of the “three Ds” — discounts, diversification anddividends, asserts Michael Foster, investment strategist at Contrarian Outlook.
Thanks to the selloff, it’s possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago: build a CEF portfolio that earns an 11.1% average yield, asserts Michael Foster, investment strategist for Contrarian Outlook.
While the pundits continue to (unsuccessfully) try to call the bottom of this Fed-spooked market, we closed-end fund (CEF) investors are doing what we always do: collecting our 7%+ dividends as we patiently move through to brighter days, notes Michael Foster, investment strategist at CEF Insider.
I want to show you how to build a 3-fund income portfolio that gives us: 1) big discounts on our investments; 2) big dividends, with an average 10.6% yield, and 3) wide diversification, with investments from across the economy, explains Michael Foster, editor of Contrarian Outlook.
“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