I found this mutual fund in 2010 and have stayed with it through thick and thin ever since. It generates a nice portion of my retirement income. In another couple years, I will have received all of my original investment back and still have the stock. It’s tax advantaged so I pay very little in taxes on the income. Essentially, that means a lot of the return is classified as a return of investment and not a true dividend. I don’t care, in fact, I like it…less to pay in taxes.
I thought this would be a good place to let other people know about it and find out what they think of it. I suggested it to my sister but her financial planner didn’t like it. Could it be that he was influenced by the fact that he wouldn’t receive any commission? After losing a lot of her money for her in the market, she eventually went with an annuity which was about as bad a choice as I could think of.
Zack’s rates it as their #1 mutual fund for what that’s worth. Check it out, it might be something your readers will like if they are looking for immediate income or, if they’re looking to grow their account for future retirement, they can reinvest the monthly returns and end up with a boat load of stock and more returns.
Since I wasn’t interested in making money from a rising stock value, it changed my entire investing strategy. Sure, I was glad when it went up and unhappy when it went down but my thought was everything goes in cycles. As long as the company continues to pay that .07 per share each month, the value of the stock was a small consideration. After all, I can’t take it with me so the only thing that counted was the income. The fact I got into the market at a relatively good time was also a bonus.
Anyway, I hope people will check it out and find it as a compelling investment as I have.