Buying stocks for dividend income? Read this first

This article offers a different take on investing for yield; i.e. dividend income. In turbulent markets, high yield implies that the underlying investment may be struggling since yield is inversely related to the price of the stock. The article also references a great quote from Ray DeVoe that we can all learn from: “More money has been lost reaching for yield than at the point of a gun.” No wonder I focus on the planning side and leave the investment management to those who have the stomach for it. There is nothing wrong with buying stocks for the income they generate, but proceed with caution.

Read the full article on Market Watch

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