Why 2023 Is Not 2008 (and a 13.1% Dividend That Doesn’t Care)

I recently got a really good question from a reader, who wondered how our current market situation compares to the 2008–2009 crash. The short answer is that it really doesn’t. But the longer answer is much more interesting, and profitable, because it outlines the unique opportunity we now have to collect historically high dividends from my favorite income plays: closed-end funds (CEFs) . The Current State of Play for Income Investments On cue, the current selloff has prompted the media to get on the gloom-and-doom train. As a result, we’re starting to see more fear in the markets. It’s tough to understate the impact this fear can have.… Read more