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September 01, 2020 1:20pm
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Here’s a Canny Way to Buy the Tech Dip (and Grab a 5.6% Dividend)

Tech stocks have taken a header, and we contrarians are going to take advantage and set ourselves up for some serious upside—and 5.6% dividends, too. Why are we zeroing in on tech now? Because investors have been (wrongly) fretting over a 1970s-style inflation flare-up, and they’ve been (wrongly) taking it out on tech stocks over the last few weeks. In a way, the selloff makes sense, as higher inflation, and the rising interest rates that come with it, cut into tech stocks’ profit growth—and investors look to tech mainly for that exceptional profit growth, which drives their share prices. (Our favorite income plays, closed-end funds, or CEFs, let us take a different path, getting a big slice of our tech profits as cash dividends that we control, instead of less predictable price gains.… Read more
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