Author: Michael Foster, Contrarian Outlook

Now is the time to buy this fund for its “dividend trifecta”: a high yield, a monthly payout and a discount that’s almost “hardwired” to disappear.

Let’s discuss the most important metric for telling whether your CEF is overvalued — and thus ripe for a drop in price…

Now could be a good time to step to the side.

Next year will be one of the most important periods in the history of CEFs — a year in which picking the right funds for the constantly shifting environment (and moving out of those that no longer make sense) will be critical.

Don’t lament the lack of a Santa Claus rally this year, because it comes with a bright silver lining: we dividend investors have more time to pick up big yields on the cheap.