24% dividend fund Oxford Lane Capital is risky amid market surge; Liberty All-Star Growth offers safer 8.3% yield.

The stock market has surged strongly this year, especially in tech, supported by rising corporate earnings and sales. However, not all investments benefit equally: Oxford Lane Capital Corp. (OXLC), a closed-end fund with a 24.1% dividend yield, faces high fees and a dividend cut, making it risky despite the attractive yield. In contrast, the Liberty All-Star Growth Fund (ASG) offers a safer 8.3% yield with a diversified portfolio including major tech firms and steady growth, trading at a discount to its net asset value. Investors should be cautious of high-yield funds like OXLC and consider more stable options like ASG amid market volatility.