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Strategies & Market Trends : Dividend investing for retirement

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To: Brumar89 who wrote (5630)	8/31/2010 9:19:02 AM
From: Triffin	Read Replies (1) of 34328

I can share my own experience with funds focused on dividends .. At one time I held a position in BDJ ( Blackrock enhanced dividend achievers fund ) .. The "enhanced" part was that they would sell covered calls on a portion of the portfolio, plus they employed some leverage to "juice" returns .. Problem was that the portfolio rebalancing was on an annual basis .. Needless to say the fund was loaded with dividend paying financial stocks just as that sector went off the cliff .. Even with compounding the dividends over the entire time I held the fund the capital loss was still in excess of 50% .. I felt I could do better picking individual stocks myself going forward .. Triff ..

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