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September 01, 2020 1:28pm
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The Crypto Crash Will Make This “Boring” 7.3% Dividend a Fan Favorite

Crypto is a mess, and many (former) crypto fans are finally realizing that shares of companies that make goods and services people actually want—and pay dividends—are the place to be. Of course, that’s no secret to those of us who know about closed-end funds (CEFs), many of which hold these companies and pay us rich dividends, often yielding north of 7%. To us, crypto is just the latest “investment” that held out the promise of building wealth faster than “boring” stocks ever could—and failed to deliver. You might have even heard that crypto is a great inflation hedge. Anyone who bought Bitcoin based on that idea is now struggling with 71%+ inflation as their money literally disappears before their eyes!… Read more
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