Massive Profits in 7 Minutes or Less

Massive Profits in 7 Minutes or LessJim Fink’s proprietary Velocity Profit Multiplier just zeroed in on a trade that could hand you 172% gains. In 60 days or less. That’s not conjecture or wishful thinking. In the last 12 months alone, his system delivered 29 triple-digit winners—along with dozens of double-digit winners—to a small group of investors. And now he’s agreed to share it with 100 new people. Here’s how to get in on the action.


Discounted Underdogs Packing a Punch

Eight years since the last bear market in any assets but commodities, there aren’t many investment bargains left.

Closed-end funds priced well below their net asset value (NAV) are among the few remaining blue-light specials.

Such discounts tend to narrow by the end of a fund’s life. Behavioral economist Richard Thaler, who’s just won the Nobel Prize, has done a lot of research on the closed-end fund discounts to NAV as a prime example of market inefficiencies.

Of course, large discounts can persist or even widen. But paying 90 cents on the dollar for a decent and respectably performing portfolio, managed at a reasonable cost and paying a decent distribution rate, all in a bullish trend, is seldom a ticket to the poorhouse. Here are a few to consider.

The $1.7 billion Adams Diversified Equity Fund (ADX) has been around since 1929 and invests almost exclusively in U.S. mega-caps without using leverage. Apple (NSDQ: AAPL), Alphabet (NSDQ: GOOG), Microsoft (NSDQ: MSFT), Facebook (NSDQ: FB) and Amazon (NSDQ: AMZN) accounted for more than 16% of the portfolio at midyear.

ADX has matched the S&P 500 over the last five, 10 and 15 years but was up 21% vs. 14% for the S&P 500 in the first nine months of 2017. It continues to trade at a 14% discount to NAV. The expense ratio is a reasonable 0.64%.

The fund is committed to distributing 6% of its average market price at month-end over the last year, with most of that coming in December. Last year it distributed 6.4% of the current market price.

If the mega-cap end of the market seems a little too well liked and aggressively bid at the moment, there’s the $400 million Royce Micro Cap Trust (RMT), investing in stocks with a capitalization below $1 billion. RMT was up 22% in the first nine months of the year but trades at a NAV discount of 11%.

The fund uses 10% leverage and has a 1.26% expense ratio. Over the past year it distributed 6.9% of the current price in nearly equal quarterly installments.

The $393 million Japan Smaller Capitalization Fund (JOF) is up a strong 29% year-to-date through Sept. 30, but continues to trade at a discount of nearly 12% to its net asset value. It uses no leverage and has a 1.09% expense ratio.

The Nomura-managed fund makes a single annual distribution in December. Last year it distributed 7.4% of the current market price.

Japan stocks, of course, have struggled for years before the relatively recent turnaround. Equities involved in commodity production suffered through a shorter but still vicious bear market once the China growth story soured in 2014.

Despite a 26% return last year and a 13% gain in the first nine months of 2017, the $983 million BlackRock Resources and Commodities Strategy Trust (BCX) remained slightly in the red over the trailing five-year span. It trades at a 12% discount that actually represents a tangible improvement over recent years.

The expense ratio is 1.08%. BCX has distributed 6.5% of its current market price in nearly equal quarterly installments over the past year.

You might also enjoy…


Obscure Tax Law Forces This Company to Pay Out 90% of its Profits

A 50-year-old loophole is forcing one company to pay out $9 of every $10 it makes from ironclad contracts with the U.S. Government.

In fact, over the past seven years, it’s made payments ranging from a few dollars… to tens of thousands of dollars… 30 times. Without a single cut! 

Most folks don’t even know this company exists, but the ones that do are making a mint.

Like Ted B., who’s set to receive a check for $1,096 just a few days from now.

Merrill H., a 58-year-old from New York, has collected over $3,385 so far. 

And retirees Beth and Terry P. have raked in $16,555.

I’ve put together a special report that will give you all the details, including simple instructions on how to get your name on the payout list before the next cutoff date.

You can get your copy here.

Stock Talk

Add New Comment

You must be logged in to post to Stock Talk OR create an account