By Michael Foster
Today IaEURtmm going to take you inside the most disrespected, criticized, lambasted and just plain ignored investments on the market today.
Why would I do that?
Simple. Because if youaEURtmre not as rich as youaEURtmd like to be, these unloved income plays are the perfect way to get you there.
IaEURtmm talking about closed-end funds (CEFs) , a group of investments that, with a bit of effort ( which IaEURtmm happy to put in for you ) can hand you big, fast upside, safe cash dividends of 8% and higheraEUR"or both.
So why do so many investors see CEFs as perennial money losers?
LetaEURtms take a look, using a pick every dividend fan should know about (but doesnaEURtmt) as an example: the Delaware Investments Dividend and Income Fund ( DDF ), a CEF with a massive 11.2% dividend yield and boasting a history of outperformance nearly everyone has missed.
Never heard of DDF? IaEURtmm not surprised. It has only $92.9 million in assets under management and a 2.1% expense ratio. Both of these set off alarm bells in most investorsaEURtm minds. Massive fees! A tiny fund!
Worse, if you compare DDFaEURtms return to that of the S&P 500, youaEURtmll see this:
A Complete Dud aEUR