This 2.7% Dividend Is a Dumpster Fire (but This 7.9% Payout is On Fire)

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The Contrary Investing Report > NYSE:SDY

If you want to diversify, get a strong—and growing—dividend and dodge risky speculation, the SPDR S&P Dividend ETF (SDY) may seem like a no-brainer.

But buying this fund would be a huge mistake!

Today I’m going to show you why, and help you avoid a couple other seemingly obvious moves that could steer you into big trouble. Further on, I’ll reveal a terrific fund paying an outsized monthly dividend (yielding 7.9%) to buy now and tuck away for two decades or more.

First, back to SDY, which has beaten the S&P 500 over the past decade:

SDY Throws Us the Bait …

At the same time, the fund has shown solid dividend growth, as well as some massive special dividends that have helped its payouts grow substantially over the years:

… and Sets the Hook

So why not just buy this fund and call it a day?… Read more

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