MILESCFA

Eight Monthly High-Yield Dividend Stocks

Beware Hi yields like these. I have owned at least 3 of the named funds and you can note by price charts they're all down about 50% over the last 12-18mns.

Let's see: (50%) cap loss + (say) +20% yield = you LOSE 30%.

At some point, they should be attractive, but whenever you see "unrealistic" yields, beware unrealistic expectations.

Take CHI, for example. I once managed an institutional convertible bond fund and the Calamos guys set the standard - they know their business. Nonetheless, CHI's "net asset value" (NAV) dropped about 50% in Oct vs Jul. 50%. The stock market is down ~25%. When PROs lose TWICE what the market does, something's amiss!

An excellent FREE site to use to investigate (yield) ETFs is eftconnect.com. You can see things like (1) how long has the dividend been paid, (2) what's the average TOTAL returns over 1,3,5,10 yrs, (3) what's the trend in NAV, (4) how much do the fund managers pay themselves (I looked for 1% fee or less), etc.