Would You Like Some Growth to Go With Those Dividends?
These mutual funds don't give short shrift to business quality in their quest for stocks that show them the money.
"More money has been lost chasing yield than at the point of a gun."
Perhaps that quote, attributed to financial market historian Ray DeVoe, is a wee bit dramatic. But the central idea of not chasing income at the expense of total return is well worth bearing in mind, particularly as investors have to look far and wide to find stocks or bonds that yield even 3% or 4% right now. If you see a stock, bond, or fund with a yield much above that level, it's wise to stop and consider what kind of risks may lurk inside.
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.