Contrarians: These Are the Last Cheap Income Buys Out There (Yielding 8.4%+)

This levitating stock market has brought back worries about a crash (and a recession). I know, I know. We’ve been hearing that doomsday forecast for what feels like forever—and nothing of the sort has come to pass. But a recession will eventually show up. We just don’t know when. In the meantime, stocks could keep drifting higher. We do not want to miss out on that. But we do want to pay special attention to assets beyond stocks now (and minimize the amount we have sitting in cash, by the way, which is getting eaten up by still-hot inflation). This is where corporate bonds (many of which are oversold) enter the scene, particularly bond-focused closed-end funds (CEFs) , many of which yield well over 8%.… Read more