It’s a tired piece of “wisdom” you hear from personal-finance gurus over and over: you need to invest in low-cost, passive index funds to get the highest return.
Too bad it’s completely false!
Today we’re going to look at how obsessing over fees can cost you tens of thousands of dollars. Then I’ll name a fund that could get you big gains and pays a dividend north of 6%.
What’s more, this unusual fund, a closed-end fund (CEF), to be specific, gives you that steady cash payout while holding some of the biggest stocks out there—I’m talking about household names like Apple (AAPL) and Amazon.com… Read more