This 13.4% Monthly Dividend Is Absurdly Oversold

Savvy contrarians know that when markets crash, the most beaten-up sectors are often the ones that lead the (inevitable) surge higher. It’s one of the most reliable trends in investing. With their valuations (and dividend yields) crushed, these stocks are tempting bait for bargain hunters who like to run against the herd. The 2008 financial crisis is a great example. Financial stocks, which were pummeled as millions of mortgages went bust, went on to soar after the market bottomed in ’09. So did real estate investment trusts (REITs). Which is why I’m looking to roughed-up tech stocks, and tech-focused closed-end funds (CEFs), to lead the way in 2023.… Read more