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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.
[/quote]
Hi @fenders53 - would you please share these safe preferred stock ETFs, please? Thank you!
[/quote]
This would actually make a good thread. I have a few high yielders I own when the time is right. JPS is a Preferred Stock fund from Nuveen. I've owned it under three years and don't even click on it for six months at a time. A buddy of mine has owned it for about ten years and offered this advice......
Nibble shares anywhere around $9. Just let it ride when it gets near 9.50. Buy aggressively when it gets much under $9. No complaints from me. I threw a few hundred at it now and then and had two chances to buy it under $8 so I loaded up. I am up 25% in capital appreciation and it's paid about a 6% yield all along. It will put you to sleep but that's a good total return on a fund that is less volatile than an Aristocrat.
Other high yielders I like are RQI and ARCC. I've had really nice returns and I won't touch them right now. I'll be back after the next slaughter. Fools chase them to the moon until the next market financial hiccup. I buy they for an 8% yield. When they run up and I get a 30% run in the share price too I just ring the register. Wish I could hold them but they will give it all back eventually. Good funds though. I consider them very safe at low prices.
I have a few more I like.
[/quote]
Thank you, super helpful. If you don’t mind sharing the others you like, I would love to learn.
[/quote]
I am the self appointed forum bully that tries to make new guys start threads for better participation.
This really is a good topic that will get lost on this thread in two days. Call it what you like but something including "safe high yielders" in the title might invite discussion on Preferred ETFs, CEFs, REITS and even a select few stocks for discussion. We can argue for days about what is actually safe. I will be looking for more options myself soon as I get very close to full retirement.
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.
[/quote]
Hi @fenders53 - would you please share these safe preferred stock ETFs, please? Thank you!
[/quote]
This would actually make a good thread. I have a few high yielders I own when the time is right. JPS is a Preferred Stock fund from Nuveen. I've owned it under three years and don't even click on it for six months at a time. A buddy of mine has owned it for about ten years and offered this advice......
Nibble shares anywhere around $9. Just let it ride when it gets near 9.50. Buy aggressively when it gets much under $9. No complaints from me. I threw a few hundred at it now and then and had two chances to buy it under $8 so I loaded up. I am up 25% in capital appreciation and it's paid about a 6% yield all along. It will put you to sleep but that's a good total return on a fund that is less volatile than an Aristocrat.
Other high yielders I like are RQI and ARCC. I've had really nice returns and I won't touch them right now. I'll be back after the next slaughter. Fools chase them to the moon until the next market financial hiccup. I buy they for an 8% yield. When they run up and I get a 30% run in the share price too I just ring the register. Wish I could hold them but they will give it all back eventually. Good funds though. I consider them very safe at low prices.
I have a few more I like.
[/quote]
Thank you, super helpful. If you don’t mind sharing the others you like, I would love to learn.
[/quote]
I am the self appointed forum bully that tries to make new guys start threads for better participation.
This really is a good topic that will get lost on this thread in two days. Call it what you like but something including "safe high yielders" in the title might invite discussion on Preferred ETFs, CEFs, REITS and even a select few stocks for discussion. We can argue for days about what is actually safe. I will be looking for more options myself soon as I get very close to full retirement.