This 6.8% Payout Is “Hedged” Against a Market Crash

In my last article , I showed you funds that pay 6.4%+ yields and give you “crash insurance” in case of a market meltdown. The great thing about these funds is that they also offer tremendous upside in steady or up markets. If that sounds like the best of both worlds, it’s because it is. Instead of just buying the S&P 500 in an index fund, for example, you can choose the Nuveen S&P 500 Dynamic Overwrite Total Return Fund (SPXX). It tracks the index, provides extra downside protection and pays out a much higher dividend than index funds, too. This isn’t the only fund that does this trick. There are dozens more. In fact, if you’re nervous about the market and want as much safety as you can get while still staying invested, there’s one fund that’s an even better choice than SPXX: ... Read more