If you want to diversify, get a strong—and growing—dividend and dodge risky speculation, the SPDR S&P Dividend ETF (SDY) may seem like a no-brainer. But buying this fund would be a huge mistake! Today I’m going to show you why, and help you avoid a couple other seemingly obvious moves that could steer you into big trouble. Further on, I’ll reveal a terrific fund paying an outsized monthly dividend (yielding 7.9%) to buy now and tuck away for two decades or more. First, back to SDY, which has beaten the S&P 500 over the past decade: SDY Throws Us the Bait … At the same time, the fund has shown solid dividend growth, as well as some massive special dividends that have helped its payouts grow substantially over the years: … and Sets the Hook So why not just buy this fund and call it a day?… Read more