Wide diversification is only required when investors do not understand what they are doing. ? Warren Buffett
Cornerstone Strategic Value Fund (CLM) looks terrific on paper - a portfolio that's made up of giant caps and large caps, many of which are driving the indices these days, a phenomenal 20.81% dividend yield as on July 28, 2020, and a consistent dividend distribution record. Such ingredients can compel any dividend investor to buy CLM without thinking twice.
But wait!
There are a couple of factors that could make you think again, and I'll get to those