How To Tap Absurd ‘Inflation Forever' Fears For 10% Dividends [Forbes]
DoubleLine Yield Opportunities Fund Common Shares of Beneficial Interest (DLY)
Company Research
Source: Forbes
It's only a matter of time before it settles out. Heck, it's already starting to happen: Last week's personal consumption expenditures (PCE) print for January—a fav of the Federal Reserve—tells the tale. The headline number came in at 2.8%, as expected. That's still above the Fed's 2% target. But the core number of 2.4% (excluding more volatile categories like food and energy) was the lowest since February 2021. We looked at one way to profit from overwrought fears last week : low-volatility dividend-payers like utilities and food makers. Many folks see these as “bond proxies.” As such, they've been oversold as worries about high inflation and rates made a comeback in recent weeks. This week we're going from bond proxies to the real thing , tapping funds that hold top-quality corporate bonds, kick out 9%+ dividends and trade at big discounts to net asset value (NAV, or the value of their underlying portfolios). Here's the setup: The Fed has rates in restrictive territory ,
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