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bar1080

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bar1080

Re: A deleted message

Wednesday, 10/24/2012 10:23:51 AM

Wednesday, October 24, 2012 10:23:51 AM

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What's insane are the premiums some ultra high div CEFs are getting these days. Most are terrible funds with extremely high likelyhood of payout cuts. Yet unsophisticed investors, many retired I presume, are paying for the ILLUSION of fat dividends. In some cases those funds are juicing the payout by returning shareholders capital to them (and collecting fees for doing that!).

No question theres a bubble in high dividend "products." A lot of elderly are going to get killed chasing divs. Some high yield funds are as toxic as the tech garbage they chased in the 90s.
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