Is ETY a good long term, stable investment to buy now with low expense ratio

**Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) appears to be a stable investment option for the long term**, and here's why: 1. **Consistent Dividend**: ETY has a dividend yield of 8.01% as of August 30, 2024, which is a stable source of income for income-focused investors. 2. **Value Investment**: ETY is a value fund that invests in high return on invested capital, high free cash flow yield, and low debt to capital ratio companies. This could provide a stable income stream with potential for capital appreciation. 3. **Management Experience**: The fund is managed by Aaron Dunn and Brad Galko, who have a strong track record and are responsible for buy and sell decisions, portfolio construction, and risk management. 4. **Risk Management**: The fund is managed with risk management in mind, which could help maintain stability and minimize losses. 5. **Tax-Advantaged**: The fund is a tax-managed fund, which could provide additional benefits for investors in high tax brackets. 6. **Low Expense Ratio**: ETY has an expense ratio of 1.03% as of October 31, 2023, which is relatively low compared to other funds, making it a cost-effective option for investors. In conclusion, ETY's consistent dividend, value investment approach, experienced management team, risk management practices, tax-advantaged status, and low expense ratio make it a compelling long-term investment option for income-focused investors. However, it's important to consider your own risk tolerance and investment goals before making any investment decisions.