Chasing yield might be enticing, but it can also lead you right to the investing equivalent of quicksand. Stocks that offer high yields often do so because the underlying company is declining or in a slow-growth phase, and, all too frequently, that chunky payout isn’t enough to compensate for a lagging share price. Alternatively, investing in companies with modest but quickly and dependably growing yields is often the better move if you’re also aiming to achieve substantial capital appreciation.