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High Rates? Are You Delirious?

edited July 2012 in Fund Discussions
http://online.wsj.com/article/SB10001424052702303644004577525083204389036.html?KEYWORDS=jason+zweig

This is a story by Jason Zweig regarding Cornerstone Progressive Return (CFP) Closed-End fund with distribution yields of around 22%.

Comments

  • And good portion of the 22% yield come from the investor's principal. Funds of this type borderline being fraud.

    I sincerely hope income investors are better informed that there is no "free lunches" for bond investing. Sticking to simple and low cost bond funds is a much better approach.
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