Passive Income VZ
As I near retirement, I am beginning to prioritize cash flow and safety of principal over capital gains. I still invest in silver miners, but primarily for insurance and only at bargain basement prices (like now).
T-bills are now yielding over 5% which is great, but how safe are they? I don’t expect the USG to default anytime soon, but I have been looking for other solid high-yield stocks to balance out my portfolio. One that I have begun to scale into is Verizon Communications (VZ), currently yielding 6.86% at my recent purchase price of $38. If it falls further, I will just buy more. It has a “very safe” rating from Simply Safe Dividends and may be nearing the completion of a 3 year EW correction. Here are a few links regarding VZ if you are interested in dividend income as I am.
https://ewminteractive.com/three-years-ahead-crash-verizon-stock
Great Topic TS…Dividends…..I vaguely remeber them from a board game i used to play as a kid 🙂
7% ….thats Great
keep us informed …thanks
Gold takedown to $1740’s ????
I took profits on the rise to $1970’s level. Didn’t get the top.
The power of dividends:
In BC a taxpayer who only has dividends, can earn $46,000+ before tax. If one has a pension it eats into that number.