With stocks breaking to all-time highs, we should emphasize security of the dividends we’re purchasing first and foremost. In previous months, it was a good time to be greedy. Now, with other investors in a fervor, let’s be careful.
The main thing we don’t want to do in a pricey market like this? Join the millions of “buy and hopers” out there. I call them that because they “buy” the typical S&P 500 stock and then “hope” for gains.
They’re sure not buying for the dividends: the popular names pay a poverty-level 1.6% income stream, on average.
With a lame yield like that, hoping for a jump in the share price is the only play you’ve got!… Read more