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Stock impact report

This Simple Investing Blunder Could Cost You 8%+ Dividends [Forbes]

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Common Shares (AIO) 
Company Research Source: Forbes
It's key that we put those right, because they're causing some investors to miss out on CEFs, and the big (and often monthly) dividends they provide. And I know I don't have to tell you that in turbulent times like these, high payouts like those are a lifesaver. This reader wrote in response to about how CEFs can be better than ETFs, pointing out two things: PROMOTED The three CEFs I mentioned in the piece have higher expense ratios than passive funds. There are cheaper ways to buy stocks that the CEFs I wrote about in that article own (more on them below), such as Microsoft (MSFT) , a major holding of all three of these CEFs. Let's address both of these concerns because they are valid—and both are often cited by financial advisors and the mainstream media as reasons to avoid CEFs and invest in ETFs, like the SPDR S&P 500 ETF Trust (SPY) Following that advice can cost you significant dividends: CEFs currently yield 8.5% on average, while SPY, the largest ETF by market cap Show less Read more
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