WHX, Unit Investment Trusts - May zero out! (dividends, borrow, returns)

[Billy_J]

In another thread I mentioned some oil Unit Investment Trusts (like WHX) and the like which have high yields.

And I mentioned to read all about each before investing...

If you have invested in any of these and did not read the fine print, be aware that some UIT's may function like a loan. That is they TERMINATE at some future point and then are worth ZERO!

So I just want reiterate to READ about and fully understand these royalty and unit trusts before investing.

[mathjak107]

untraded reits too can leave you with alot less principal than you thought as those nice juicy dividends can be a return of your own money or worse borrowed money.


it all comes off the bottom line and while you thought you were getting 7 or 8% returns they leave you with little at the end after the bills are paid.