A closed-end fund to consider if seeking a little more income

The Ticker

April 16, 1999|By Julius Westheimer

WOULD YOU like more income? "Our income favorite is Duff & Phelps Utilities Income Fund," says Income Digest.

"This closed-end fund trades on the NYSE for about $11 a share and yields 7.3 percent. It invests in utility stocks and bonds. Duff & Phelps is a safe haven in a volatile market."

QUIZ PROGRAM: "Does your broker know basic information about you?" asks "Big Decisions for Small Investors" by Gordon Williamson.

Questions brokers should ask: "What are your present holdings? Do you primarily want growth or income? What risks will you take? What is your tax bracket? Are you `maxing-out' your 401(k)? When is the best time to phone you?"

BLUE CHIPS: Personal Finance lists these stocks under "Perpetual Dynasties: Superb Management, Top Marketing": Cisco Systems Inc., Disney (Walt) Holding Co., Hewlett-Packard Co., Intel Corp., MCI WorldCom Inc., Microsoft Corp. and Sony Corp.

TIMELY ADVICE: "Don't buy small-cap stocks now. Their earnings are falling apart and now look weaker than big-company profits. Money is flowing out of small-cap funds." (Moneypaper)

"Put new money in bonds or foreign stocks. Bonds will outperform U.S. stocks because the market is overvalued. I like Japanese stocks." (Charles Clough, Merrill Lynch)

Pub Date: 4/16/99

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