ETFs, or exchange-traded funds, are for suckers. There is no reason for any savvy income investor to get wrapped up in this “$3.4-trillion obsession.”
Why do I say $3.4 trillion? Because that’s how much Americans have tied up in them. But there are better ways to buy the same types of stocks, and shortly we’ll highlight three ETF replacements you can buy just as easily for yields up to 7.5%.
Wall Street is (of course) happy to play along with the ETF craze, cranking out fund after fund to give folks their fix—some so “out there” they track wheat futures, casino stocks, even companies that aim to curb obesity.… Read more