5 “Dumb Money” Funds Paying Up to 8.4% (Sell Them Now)

Exchange-traded funds (ETFs) tend to have low fee structures. And when investors try to combine ETFs with their high yield needs, they usually get what they pay for. ETFs, simply put, are often “dumb money.” Their current yields may look good, but their long-term strategies are usually flawed. Here are five funds paying up to 8.4% that are too dumb to trust with your retirement money. iShares International Preferred Stock ETF (IPFF) Yield: 4.1% Expenses: 0.55% International dividend stock funds typically sport similar if not higher yields than their domestic brethren, so you would imagine there would be a similar advantage in foreign preferred stocks.… Read more