$10,000 at 4% gives you $400 interest in one year.
Just about any decent dividend stock will outperform that. Look at PET for example. It is sitting at $3.65/share right now and offers a quarterly dividend of $0.30. That puts you at $1.20/share per year. 10k = 2739 shares = $3,286.80 dividend payout in one year.
Banks are the worst place to put investments. Money in bank accounts are only supposed to be there if you need it liquid, like an emergency fund or your checking account.
*PETS
PETMED EXPRESS INC COM
For all the nay sayers downvoting me as if it is impossible to find dividend stocks that outperform their precious SPY or high yield savings rates, here is a great list I found with shit loads. I count 60 different stocks that offer 10% yields or more. 100 in total all offering over 8% -double what some bullshit ‘high yield’ savings offers.
If it was a temporary drop, yes. They’re all being slowly hammered into the ground.
Maybe they’re paying big dividends because the actual share price is worthless, so you lose your initial investment but think you’re getting money back? Dunno, seems shifty as fuck
Little under 30k in higher risk dividend. Bring in about 800 a month.
I have a mix of large cap, small cap growth stocks, then dividend high risk and low risk. Stock like this (I do not own PETS, I was just using it as an example) would be a high risk due to its price instability. But you mitigate that with stop loss orders.
I have a vanguard/roth for my longs (large cap growths and stable dividends with DRIP) and then use etrade for the small cap or high risk ones. I like their tax documents and easy interface.
People make arguments against dividend stocks, I simply call it a different strategy. Some years it beats out my growths, some years it is about on par. Depends on where I have it at the time and slightly more market dependant.
I have recently gotten into ex-date chasing. While it has increased the returns, it is more work.
$10,000 at 4% gives you $400 interest in one year.
Just about any decent dividend stock will outperform that. Look at PET for example. It is sitting at $3.65/share right now and offers a quarterly dividend of $0.30. That puts you at $1.20/share per year. 10k = 2739 shares = $3,286.80 dividend payout in one year.
Banks are the worst place to put investments. Money in bank accounts are only supposed to be there if you need it liquid, like an emergency fund or your checking account.
*PETS
PETMED EXPRESS INC COM
For all the nay sayers downvoting me as if it is impossible to find dividend stocks that outperform their precious SPY or high yield savings rates, here is a great list I found with shit loads. I count 60 different stocks that offer 10% yields or more. 100 in total all offering over 8% -double what some bullshit ‘high yield’ savings offers.
https://www.tradingview.com/markets/stocks-usa/market-movers-high-dividend/
PET? What stock are you talking about?
PETS, sorry, don’t know why my phone cut off the ‘S’.
PETMED EXPRESS INC COM
I just checked the top 3 companies there and every share price is through the floor lol
Isn’t that the time you want to buy…?
If it was a temporary drop, yes. They’re all being slowly hammered into the ground.
Maybe they’re paying big dividends because the actual share price is worthless, so you lose your initial investment but think you’re getting money back? Dunno, seems shifty as fuck
Have you ever heard of the tbill?
Sure. It is still a lower rate than going into dividend stocks.
Tbill has zero principal risk and a higher yield…
Which dividend stock can offer this?
Baby steps. Asking someone to go from nothing to investing in stocks is quite a leap.
How much do you personally have invested in stocks like these?
Little under 30k in higher risk dividend. Bring in about 800 a month.
I have a mix of large cap, small cap growth stocks, then dividend high risk and low risk. Stock like this (I do not own PETS, I was just using it as an example) would be a high risk due to its price instability. But you mitigate that with stop loss orders.
I have a vanguard/roth for my longs (large cap growths and stable dividends with DRIP) and then use etrade for the small cap or high risk ones. I like their tax documents and easy interface.
People make arguments against dividend stocks, I simply call it a different strategy. Some years it beats out my growths, some years it is about on par. Depends on where I have it at the time and slightly more market dependant.
I have recently gotten into ex-date chasing. While it has increased the returns, it is more work.
Don’t they call that “stalking”?
Also yes. The more professional name is ‘dividend capture strategy’. More work, worth the pay off, do all you can to avoid commissions and fees.
Haha I was making a joke about the terminology but I probably should actually do some reading about the topic
It is also called ‘dividend stripping’.