
I like MLPs, REITs & junk bond closed end funds, but not limited to 2009. They have astronomical yields, around 1500 basis points (even more for junk bond funds) above the 10 year Treasury. They don't deserve such treatment. Even if there are dividend cuts, at these levels high yields should prove rewarding over the long term. A reevaluation of dividends at a future date (requiring lower yields) would bring capital gains as a bonus.
No comments:
Post a Comment