. I’m Ally Selby, and today we have an absolute cracker of an episode for you. We’re going to be discussing three stocks that may just be dividend traps and two that you can actually trust.
Okay, first up, no surprise here, it’s Magellan Financial Group. It has a gross trailing yield of around 24 per cent. Starting with you, Al, is that a buy, hold, or sell?It’s a sell. The inner contrarian in me wants to think there’s an opportunity with this stock because it’s fallen so much. I mean, they’ve lost 50 per cent of FUM. But when you’re trying to get a base case for what’s the worst-case scenario, there aren’t any assets here other than the brand. There’s still outflow.
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