The S&P 500 has just set new all-time highs, and so has the Nasdaq. It’s no coincidence that stocks are back to historically high valuations, and yields have been flattened back to historically low levels.
If you’re an income hunter, you know it’s a difficult time. I’m here to tell you that it’s a dangerous time, too.
Buy High and… Sell Higher?
Source: Multpl.com
Tight income environments like this make dividend investors “reach for yield” at their own peril. They forget that a stock’s yield is only as good as its cash flow because, after all, a dividend is nothing more than a promise from a company.… Read more
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