3 BDCs Yielding 6%-12%: 1 Buy, 1 Wait, 1 RUN!

Business development companies (BDCs) are one of the market’s top sources of yield. Unfortunately for income hunters, in 2017, this industry also was one of Wall Street’s greatest sources of disappointment. I don’t say that to condemn the BDC space. I say that as a warning: While these financiers of small and midsize businesses can occasionally be excellent long-term holdings, there are plenty of landmines to avoid. That’s why today, I want to highlight three such funds that have mouthwatering yields of up to 12% – each of which might look attractive at first glance, but only one of which looks like a safe buy right now.… Read more