You know the old saying, “There are lies, damned lies and statistics”? Here’s another one for you: “There are lies, damned lies and charts.”
That certainly applies to the 8.6%-paying fund I’ll reveal toward the end of this article. If you looked at its price chart alone—which almost everyone does—you’d totally miss it!
And this dividend passes my 3-point “dividend safety check,” which I’ll also give you a little further on.
The Trouble With Stock Charts
The truth is, too many pundits have a point they want to prove, and they choose charts that prove that point. In some cases, they use charts that only tell half the story.…