[quote=Diego Mamani][quote=flu]He gave a list of them from big drug companies, to consumer staples, to oil/energy…[/quote]
Excellent advice from FLU and AN. Hey FLU, did you save the advisor’s list?[/quote]
I’ll dig it up… Unfortunately, it was like 2.5 years ago. And unfortunately he passed away.
The ones I acted on were at the time were
CVX
XOM
PM
MO
PG
K
DOW
LLY
KFT
JNJ (Blah…total crap)
Those companies where not trading anywhere near where they are today. So dividend was close to 4-5% in most of them at the time. A lot of them are now closer to 2-3%, which would make me think twice right now.
FWIW: BP was not on his list at the time.
Problem with investing is the rules keep changing. Bush era tax cut expiration will make you think twice about dividend investment strategy…If it ends up counting as close to ordinary income, it doesn’t end up being very tax efficient and there are probably conparable investments with slightly better returns albeit slightly more risk and work but nevertheless taxed about the same.
….Part of the reason why this year I moved some out of the stock market, and bought (buying) rental property.. Aside from diversifying risk, rental (albeit more PITA factor involved) has variables to play with when it comes to tax time.
