Cornerstone Strategic Value Fund (CLM)

[bar1080]

Yes, I think its an ego thing for some. And some just don't know much about stocks... nothing pays 15% without huge risk or without returning one's own capital. They get to brag to their friends about the fat divs they're making while everyone else is getting 1% in a bank. Works great if you die in a year or two. And, for some, that's as far ahead as they can think.

You don't see Buffett buying gimmicky junk. In the long run, a diversified portfolio of quality stocks usually performs FAR better.... five or ten years down the road. Or until the market crashes. Many high yielders vanish in tough times.

Low yielders usually survive, thrive and increase their payouts. I would't touch CLM.