Inside My “Crash-Resistant” Strategy for 7% Dividends and Upside
March 03, 2020 at 04:00 AM EST
During volatile times like these, the best thing to do is this: stay calm and keep collecting your dividends. Fighting the urge to sell is critical, because doing so could slash your dividend income by 82% or more. Here’s where I’m getting that number: let’s say you hold the stocks in our Contrarian Income Report portfolio, which yields an average of 7.2% as I write this. (If you bought a while back, you’re likely yielding more on your investment, thanks to our picks’ dividend growth, but let’s use 7.2% as our benchmark here.) And let’s say you’ve got a reasonable nest egg—about $350K—invested.… Read more