I got $6M and thinking I buy 125,000 shares. This would give me $257,500.00 a year in Dividends. I want to live off this. I only need about 125,000.00 a year to be comfortable and do all i want to do. I am 51. Is this a good idea. I don't want lose the principle in any erratic stock or speculation stock. Thanks.
Lots of safe income strategies to use AFTER you pay your taxes.
Coomon stock dividends are not the best way to go, nor are they the highest yields.
Corporate bonds, or dividends paid on preferred shares are often better.
Don't ask from advice from amateurs here on the stock boards (if you are for real).
spread it around .... buy a pharma , mabye BMY or Merck , maybe GE , WM , and either REIT or one of
those royal energy mlp's from canada ..... also only buy increments , buying or selling all at once is
not a good idea ... putting in a single order for 125k shares will kill you .... the mm's will get you the highest
prices in and lowest out .... garce
I just inherieted 35 million and found 65 million in an old bank account. I also won the lottery and babes flock to me cause of my personality and huge junk. LMAO at you
Sentiment: Strong Sell
I am a widow, a little past your age. I am not an expert but VZ has been good for me. I would put half and hold onto the rest or buy some other stock. Keep some money close on hand for emergencies. Never invest it all. Look for Lilwings03 on g...gle. You wil find me.
Pick 20 stocks that pay 3% - 5% range. Put 5% of your balance on each one. VZ is good for telecom but you need consumer staple, industrial, real estate, technology, energy, transportation.
Look at GE, GIS, REM, COP, SSW, VGR, INTC