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Dividend stocks are in focus as concerns for a higher-for-longer interest rate scenario rise and investors turn to stable companies to offset potential volatility. Dividend stocks also perform well when interest rates are going down. Ed Clissold, Chief U.S. Strategist at Ned Davis Research, said on CNBC a few months back that dividend stocks outperforming non-dividend-paying companies during the Fed’s easing cycles has been a “pretty consistent” trend over the past few decades.
But which dividend stocks can help you reach a stable and significant income? Let’s see a case study for ideas.
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Last week, someone asked old, experienced dividend investors for investment advice and ways to reduce tax liabilities and risks during income investing on r/Dividends, a Reddit discussion forum with over 660,000 followers. The post received over 90 comments, with many investors sharing their success stories and advice.
An investor said he had 50 years of experience in stock investing and shifted to dividend income about five years ago. He, 77, revealed in a separate comment that he raked in about $270,000 in retirement income.
“I now love actively managing my nest egg portfolio and sleep much better at night. I believe investment return, risk mitigation and minimal tax’s are directly proportional to investment knowledge and experience. Five years ago I was yielding about 8% with COVID discounted preferred dividend stocks. They appreciated and B grade or higher have not yielded 8% for several years so, researched other dividend stocks,” he said.
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Let’s discuss some of his portfolio’s notable dividend stocks and funds.
YieldMax NVDA Option Income Strategy ETF
The 77-year-old retired investor said he had YieldMax NVDA Option Income Strategy ETF (NVDY) in his portfolio “for fun.” He recommended the ETF to Redditors who have a higher risk appetite.
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