It’s starting again—the media has its hooks into a new story to scare investors, in yet another effort to gain attention. The upshot is that we’ve now got a very nice opportunity to pick up a special kind of closed-end fund (CEF) that yields 7%+ and does something unusual to limit downside. This setup reminds me just a bit of 2022, when buying fear gave contrarians bargains, and historically high dividend yields, too. The Media-Driven “Crisis” That Doesn’t Exist Let’s start to trace out our opportunity here by first talking about the media, which I probably don’t have to tell you is more interested in getting an emotional reaction (mainly fear and worry) out of its audience more than anything else these days.… Read more