This 7% Dividend Has 2 Fatal Flaws (Sell Now)

Hands up if you’ve heard of the Strategy Shares Nasdaq 7Handl Index ETF (HNDL). Right. I thought not. And I can’t blame you for overlooking this one. It’s a relatively obscure ETF, with a bit over $700 million invested across a number of assets (just what those assets are I’ll get to in a minute). Nonetheless, HNDL is worth discussing today because it highlights a couple things we need to look out for when picking high-yield funds for our portfolios. First up, the yield and the strategy: HNDL pays a 6.9% dividend today and promises diversification, both of which sound great.… Read more