Received my February bank statement today and note as follows:
l. My PGN dividend is more than 21 times my bank interest. 2 Tax on my bank interest is 86% higher than on my PGN dividend I Don't know what will happen in the future. The above is what's happening today.
Yeah, but the money in the bank is guaranteed by the FDIC (up to $100,000 anyway). You can't lose money there. PGN pays a higher dividend than bank interest, but there's absolutely no guarantee - none - of your principal. Company specifics aside - and there are a few of those to keep in mind, if not worry about - if inflation suddenly picks up, and interest rates also move up significantly, you will lose part of your principal. You can bank on that.