A “Heads You Win, Tails You Win” Way to Play the Recession (With a 7.3% Dividend)
October 20, 2022 at 05:00 AM EDT
A recession is on the way—and stocks are … rallying? It makes zero sense on the surface, but there is good reason for the bounce we’ve seen this week. And we’re going to play it with a 7.3%-paying fund that’s set to roll higher with a recovering market. No, we’re not talking about an index fund like the SPDR S&P 500 Trust ETF (SPY). My colleague Brett Owens calls SPY “America’s ticker” for good reason: pretty well everyone owns it! Instead we’re going with a fund that pays us a 7.3% dividend today. That’s more than 4-times SPY’s meager 1.7% payout.… Read more
