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Many investors are so yield-starved that they may be drinking the Kool-Aid of the country's...

  • Saturday, July 14, 2012, 8:00 AM ET
    Many investors are so yield-starved that they may be drinking the Kool-Aid of the country's highest-yielding closed-end funds - from Cornerstone Advisors, which promises "distribution yields" of about 22% of NAV. But look closely; such funds might just be handing you back your own money.
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This news story has 2 comments:

  •  
    With the tidal wave of seniors who MUST try to live on a fixed income that won't crest until 2023 and a Fed that has semi-permanently welded yields to the basement floor the desperation for yield will only get stronger.
    14 Jul 2012, 01:08 PM Reply Like
  •  
    Amazing! See what smart marketing can help you sell.
    At least they use your own money to pay you back. Trouble would start if they were to use the next guy's money for that.
    14 Jul 2012, 06:54 PM Reply Like
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