Yet another investment product sold by David Lerner Associates, the Spirit of America Income Fund, is a problem waiting to happen for Lerner investors, who are already suffering as a result of ongoing performance problems plaguing the now-notorious Apple REITs.
The Spirit of America Income Fund, another fund touted by David Lerner investment counselers offering high current income, may be at risk if interests rates rise and if the US defaults on its debt obligations as the average maturity for the majority of the bonds in the fund are 20 years or longer.
Investors evaluating the Apple REITs in their portfolio therefore may also want to consider evaluating the Spirit of America Income Fund to determine whether it remains to be as suitable investment.
For those investors with questions about the Spirit of America Income Fund, please feel free to contact Eccleston Law Offices at 312-332-0000 for a free, no obligation consultation.
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