Trading Strategies

Score an 11% Yield at a Discount on This Superb Income Play

By Shah Gilani, Chief Investment Strategist, Money Morning • Wednesday, September 13, 2023

One of my favorite methods for generating income is through closed-end funds (CEFs). If you're not familiar with CEFs, they are a type of mutual fund that issues a fixed number of shares through a single initial public offering (IPO) to raise capital for its initial investments.

Because the fund's market value can fluctuate just like an individual stock, there are opportunities to purchase shares of a CEF at a discount to the net asset value (NAV).

And this week, I've got my eye on one in particular...

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The Green Tragedy… and Red Momentum

The latest CPI reading didn’t surprise anyone except for Paul Krugman. We saw momentum turn back negative after one day of neutral readings. Capital seems to be staying in the market, but there’s been a big pump into utilities and energy in recent days. A lot of people think that the Fed is done raising interest rates. But they’re still missing the big picture... Full Story »

Penny Stocks

The Regional Banks Are Speaking to the Markets, Are You Listening?

The Fed has been talking about it for more than a year. Wall Street's analysts have caught on in the last few months, finally. Even the Fed's staunchest critics are starting to agree. I'm talking about interest rates. More specifically, the likelihood that rates are going to stay high for a longer period. But I'm especially focused on the fallout for regional banks... Full Story »