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DCOM
MO GAB GDV ADX |
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NYCB
USA NLY (really high) |
I won't buy MO and PM (many smoking relatives who died of lung cancer) but I do have IIPR because I don't really think of cannabis/cannabis adjacent as sin stocks I guess. Or at least not sins that bother me. |
I’m in on JEPI because I don’t think the market is going to move much for a while, but you have to balance that out with growth stocks/funds since the upside is muted. |
JEPI and JEPQ are not for growth. Those are pure dividend actively managed fund ETFs. The yields have been much better than SCHD, but also riskier due to the options. |
If you can liquidate $1M, start buying 30 year treasuries. They were yielding 4.7% today and were yielding 5.1% mid-week, last week. Let's say you invest $1M into them at an average yield of 5%, that's 50K and you don't have to worry about losing capital. Best case scenario, rates fall to 2% or below and your bond value skyrockets. Worst case scenario, rates go up from here, maybe double or triple, but you keep getting your 5% a year. When 30 years are up (you guys will be 82/79), you get to collect the $1M. No stock on earth can guarantee that. Talk to a financial advisor to figure out how to implement this. What's your current income? Monthly expenses? Also, how did you derive the $3M value for your pension? |
I'm one of the PPs and I've been doing this too. Not with a million though .
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It will be hard to go from growth to dividend being so young, but slowly. Any growth left in the growth stocks or you'd need a faster horse?
Mo was the first stock that came to my mind. I would do some of the top dividend aristocrats and done. More than collecting dividend, work on your tax strategy. |
| BAD ETF |
| Hey OP, thanks for asking this. I'm an earlier PP, and I didn't think I wanted to buy any more dividend stocks, but your question made me look at my watchlist and I decided ARC really was an opportune moment to buy some more and it's up 4% today ( I wasn't buying it for the growth, it has a 7.55% yield--it's one of my riskier buys, but less risky after a bad earnings report which has reasonable explanations in my view but made the price go down). |
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GILD
Bank of America I inherited some VZ and have been watching it tank for years, but at least it pays dividends? I like foreign telecom companies. Americamovil. Africa would be a good place to look. Or just get a high dividend ETF. |
Long PBR for some years. I don't recommend it, it is a state run oil/gas firm. Not run for shareholders, buyer beware. |
| Dividends are for people who don't understand stocks. Just keep this in mind. |
This is not helpful to OP if you don't explain why. |
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"Dividend Aristocrats are companies that are part of the S&P 500 and have increased their dividends in each of the past 25 years. Firms in this list have been able to grow their dividends through many different economic environments and through significant periods of recession."
https://www.nasdaq.com/stocks/investing-lists/dividend-aristocrats A fine part of any financial plan and an excellent place for predictable cash flow beyond bonds. "Qualified dividends are taxed at 0%, 15%, or 20%, depending on your income level and tax filing status. Ordinary (nonqualified) dividends and taxable distributions are taxed at your marginal income tax rate, which is determined by your taxable earnings." https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/how-dividends-taxed Do your research, have a disciplined plan, and don't let anyone tell you a particular investment is not good and that you are not smart enough to understand it. Unless it is an annuity.
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