07-30-2021, 04:55 PM
[quote pid='27637' dateline='1627676161']
Oh totally agreed; I just need my taxable account to contribute about $500/month to my monthly budget, and those two were helping with their dividends. Of course, going down while delivering dividends is really just a return of capital, so ... yeah.
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Some of those yield traps still have buy ratings on them from major analysts. I just don't get it. The only time I have seen them work at all is if you pick up the few high quality ones after a serious market crash. Yield is sky high then. Nobody wants them now as the yields have crept down as the share prices rose 50%.
There are safe preferred stock ETFs that pay about 5-6% and that's about as good as it gets without significant equity risk, or some ESG sectors you have said you don't want to be invested in.
(07-30-2021, 03:13 PM)Divmenow Wrote:(07-30-2021, 03:01 PM)ken-do-nim Wrote: After a long agony, I sold off AGNC which had been declining steeply and about half of my NLY to pick up 2 shares of AMZN, pretty much right at the closing bell. Now I need to figure out how to rebuild my dividends, because my yield just went down.
Well your really not going to miss AGNC and NLY that much. There are way better investments out there for you lol
I bet you will make more money in the long run with AMZN with just shares then you would have with either one the ones you just sold.
But hey what do I know. That's just my opinion
Oh totally agreed; I just need my taxable account to contribute about $500/month to my monthly budget, and those two were helping with their dividends. Of course, going down while delivering dividends is really just a return of capital, so ... yeah.
[/quote]
Some of those yield traps still have buy ratings on them from major analysts. I just don't get it. The only time I have seen them work at all is if you pick up the few high quality ones after a serious market crash. Yield is sky high then. Nobody wants them now as the yields have crept down as the share prices rose 50%.
There are safe preferred stock ETFs that pay about 5-6% and that's about as good as it gets without significant equity risk, or some ESG sectors you have said you don't want to be invested in.