If you’re interested in getting into the S&P 500, it seems like a good time to do so. Earnings are rising, GDP growth is strong, the unemployment rate is falling, and wages are heading upward.
There’s just one problem: as I wrote a few months ago, the S&P 500 is a lousy bet.
There are a couple reasons why, the biggest being the income problem. If you buy into the SPDR S&P 500 ETF (SPY) or the Vanguard 500 Index Fund (VOO), you’re going to get a dividend yield of less than 2%. So buy $500,000 worth of those funds and get a whopping $791 monthly in cash dividends.
That’s just not good enough.
Today I want to show you 3 funds that yield …