How to “Double Dip” This Dip (and Lock in Yields Up to 10.8%)
September 30, 2020 at 05:00 AM EDT
Is it time to buy the dip? Almost. And when we do, let’s not just “buy” an index fund (or worse, a lame ETF!) and “hope” that we timed it right. No, no, we contrarian income seekers can do better. Let’s instead choose investments that cash flow . In a moment we’ll talk about one that yields 7.4%. And let’s not buy them at mere “face value” either. Only the unsophisticated first-level types, as our man Howard Marks calls these marks, pay full price! We can, and should, demand discounts in addition to the pullback. The major indices have officially “corrected” from their September highs (which is typically defined as a 10% decline).… Read more