Finding reliable yield in this market – at an attractive price – is a bit like playing a game of whac-a-mole. When a pocket of yield emerges, investors pour in, flattening the opportunity.
I have scoured the market for yield this year, covering income funds, Exchange Traded Funds (ETFs), Listed Investment Companies (LICs) and Trusts and stocks for The Switzer Report. With term deposits paying 1.5%, rarely a week goes by when I am not asked about yield.
As I have written previously, conservative income seekers should stick with funds rather than buy stocks directly. Why buy a single stock for a 5% yield when you get a similar result in a professionally managed fund (after fees) with far greater diversification?