Image Credit: Alex Nabaum
The catchier an investment’s name, the more you should ask: What’s the catch?
Just consider YES. Offered to wealthy advisory clients of UBS Group AG, YES stands for Yield Enhancement Strategy. Who doesn’t love getting to yes? And who wouldn’t want to enhance yield?
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This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money