ASA Gold & Precious Metals Limited (ASA) is a standout among closed-end funds (CEFs), but not for the reasons we’d like!

For one, this gold-focused CEF pays almost no dividend itself (its yield is a meager 0.14% as I write this). That’s unusual for a CEF, as investors mainly buy these funds for their high yields. As I write this, the portfolio of my CEF Insider service yields a stout 8.9% on average.

As the fund’s name says, its main function is to give investors access to physical gold (64.2% of the portfolio). Silver makes up another 5%, and shares of gold-mining companies account for most of the rest.… Read more

Let’s talk about big dividend payers that are seeing strong buying from insiders.

Yes, we’re talking about the big boss slapping down their own money for shares nobody is forcing them to buy—shares they may already have plenty of.

Why do we like buying as a signal? Insiders can sell for a variety of reasons:

• A new divorce
• A new boat
• A higher burn rate
• Kids off to college

There are many reasons an insider may sell for the cash. But there’s only one reason they buy: they believe the shares are going up.

Today, we have stock indices near all-time highs.… Read more

This Iran deal adds one more tailwind to our (already surging) 8%+ paying closed-end funds (CEFs).

It’s just one more “boost,” on top of many others, that point to more upside ahead for these proven income plays.

Why do I say that? Because if the agreement holds up (and that’s still uncertain at this point), oil will likely continue its retreat. That, in turn, sets the stage for lower inflation—and falling interest rates, too.

And the lower rates go, the better CEFs tend to perform.

That makes now, while rates remain elevated, the time to make our move. And the Neuberger Berman Next Generation Connectivity Fund (NBXG), a recent addition to the CEF Insider portfolio, is a solid option that’s clinging to an undeserved double-digit discount.… Read more

I was happily sipping my morning coffee on the couch. Quietly…’til now.

Here marched my eight-year-old, straight at me with a bone to pick.

“Dad, MarkRober said the cars can’t really drive themselves. They drive into walls! So if you get a car that drives itself, it’s going to drive you right into a wall.”

She paused and glared at me while she reached for her conclusion.

“Is that what you want, Dad?”

MarkRober’s real name is Mark Rober. He’s a YouTube guy who preaches science to kids. (Note: Preach isn’t quite teach.) My daughter pronounces his name as one when she recites his gospel.… Read more

Once again, the mainstream crowd is wrong—this time on real estate. And they’re wrong for the same reason they always are: They’re looking at the wrong numbers.

We’re fine with that. We saw it coming.

And we’re ready to profit through an overlooked dividend grower that throws off $14 billion in yearly cash flow. It hands much of that to us as share buybacks and a dividend that’s jumped 11% annualized in the last five years.

We haven’t seen an opportunity like this since 2021. Back then, pandemic restrictions kicked off a home-renovation bonanza. Another one is getting started now.

Welcome to “Home Reno Boom 2.0”

Today, six years after COVID forced me to turn my patio into Puerto Backyarda (complete with a “misting fan” from Home Depot—hint!),… Read more

We love CEFs for a simple reason: Their big dividends are the best route to financial independence.

I say that from experience: Years ago, CEFs’ high income streams allowed me to leave a full-time job I disliked, travel, and live wherever I wished to. Later on, I launched my CEF Insider service to help other investors unlock these funds’ vast income potential.

Today we’re going to look at a high-quality (and high-yielding) equity-focused CEF to see how it delivers its outsized income stream (a 10.5% yield as I write this). Then we’re going to stack it up against another CEF you might think is a strong buy, but unfortunately this fund’s size and celebrity manager mask some significant flaws.… Read more

Stocks are sky-high, but us contrarians are looking for dividend deals. And we found them in one forgotten corner of the Wall Street world. Here, we’re going to bank yields between 11% and 13%.

That’s right—up to 13%, for as little as 68 cents on the dollar.

What does that mean? Well, these funds are trading at discounts as large as 32% off their book values.

Where are we looking? We’re talking about business development companies, or BDCs. These are publicly traded firms that lend to mostly privately held companies—small and medium-sized businesses.

The BDC business itself can be a bit of a cardiac kid.… Read more

Last week’s selloff in AI stocks was painful for the mainstream crowd—and an opportunity for us contrarian income investors.

AI darling NVIDIA (NVDA) dropped 8.5% on the week. Others took bigger hits: Micron Technology (MU), for example, fell 16.6%.

The result? A chance for us to pick up our favorite AI-focused dividend funds on the dip—starting with one suddenly cheap “all-in-one” play from the portfolio of my CEF Insider service.

That would be the Columbia Seligman Premium Technology Growth Fund (STK), which holds key AI providers like Microsoft (MSFT), NVIDIA and Alphabet (GOOGL), as well as AI-infrastructure plays like Lam Research (LRCX) and Bloom Energy (BE).… Read more

Remember Bill Gross? The financial media still quotes him here and there. Otherwise, he’s kicking around on X, tweeting a bit, looking (and flailing) to stay relevant.

A far cry from his previous life! Bill Gross was the man who built PIMCO into the biggest bond shop on planet Earth. He’s kind of a quirky guy—hung out near the beach in Southern California, practiced yoga in his office. A little prickly to work with, but definitely a great mind in the fixed-income space. He built PIMCO by himself, and he got all the best bond deals.

But as the years went by and the company grew, Bill started to weigh on the people he worked with.… Read more

If this manic market is making you queasy, I get it. So let’s talk about the perfect dividend payers for this volatility.

Those would be two funds throwing off 8%+ payouts we can collect in peace. And because both are cheap (for now), they have a higher “floor” on pullbacks than the S&P 500 does.

They’re both covered-call funds, and they’re built for market “tantrums” because:

• They offer 8%+ dividends that get us through a pullback without having to sell shares to get the cash we need.
• They hold well-known stocks: These funds hold familiar big caps with a twist: They “overlay” a portion of their portfolios with an option strategy that does best when uncertainty is high (more on that below).