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No borrowing to buy or hold securities. No increase in the proportion of funds held in common stocks. A reduction in common-stock holdings where needed to bring it down to a maximum of 50 per cent of the total portfolio. The capital-gains tax must be paid with as good grace as possible, and the proceeds invested in first-quality bonds or held as a
... See moreBenjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
And today, DoubleLine Income Solutions is still offering a 9.7% yield net of fees. That’s an unbelievable payout in today’s world.
Tom Jacobs • How to Retire on Dividends: Earn a Safe 8%, Leave Your Principal Intact
The preferred ETFs, Invesco Preferred and iShares US Preferred, yield 5.8% and 6.1%, respectively, and trade roughly at their “par” value, which means we’re paying $1 for $1 in preferred shares. Meanwhile, Nuveen Preferred & Income Securities Fund (JPS), a CEF, yields more (7.5%) and trades for just 96 cents on the dollar! Plus, it has the bene
... See moreTom Jacobs • How to Retire on Dividends: Earn a Safe 8%, Leave Your Principal Intact
If you’re drawing income from your long-term assets, you might set aside enough mid-term money to cover one to two years of income payments. When the next market correction comes, you’ll have enough income to keep you going for one to two years, and you won’t have to worry when the markets don’t bounce right back.