Imagine what you could do with a 19% dividend.
To be clear, any dividend that high simply isn’t sustainable. So if you do see one, I don’t recommend buying.
Still, the thought’s nice. With a 19% yield, financial independence becomes easy. Want to live on $60,000 per year? Well, conventional wisdom says you’ll need at least $1.5 million to generate that kind of income, and some advisors will tell you to save $2 million, just to be safe.
But a 19% dividend? Suddenly it only takes $316,000 in savings to secure $60,000 in yearly income. That cuts down how long one needs to work and save by decades.… Read more