Tag Archives: PHK

A brief case study in reaching for yield

I am often shocked at how much income investors will stick their neck out for yield. I spend most of my time looking at stocks so I often will note how I think investors are reaching for yield by going after utilities, REITs, etc… But if you really want to see extreme cases of reaching for yield look at some examples in the closed end fund (CEFs) world. Truly mind boggling. I thought I had come across a great example last night but this morning Jason Zweig at the WSJ wrote about a real doozy. Jason’s example is the Cornerstone … Continue reading

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