Volatility Is Back, And This 7.8% CEF Is Here To Get Us Through It [Forbes]
Nuveen NASDAQ 100 Dynamic Overwrite Fund - Shares of Beneficial Interest (QQQX)
US:NASDAQ Investor Relations:
nuveen.com/cef/product/data.aspx?fundcode=diax
Company Research
Source: Forbes
On the one hand, the S&P 500 is up 14% in the past year, a very solid performance (and for the record, I see more gains ahead). Yet volatility has returned, and it feels like we could be on the verge of another selloff. So what do we do right now We're going to look at a closed-end fund (CEF) that profits from short-term volatility. In fact, this one harnesses the energy that choppy markets throw off and “converts” it to a hefty dividend stream. The result? This CEF takes the low-yielding (mainly) tech stocks in the NASDAQ 100 (average yield: 0.5%) and bumps that up to a solid dividend. But I'm getting a bit ahead of myself. Before we go further, let me touch on why I feel that, over the long term , more gains are ahead for US stocks. For one, the value of long-term bonds has dropped, showing that investors still have a healthy appetite for risk, selling, as they are, some of the safest investments out there. Stocks (particularly tech stocks) are the obvious destination for th
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