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New IRA asset allocation:
Lured by Verizon's 4.5% dividend that seems reasonably safe, or as safe as an illusion of prosperity blogger could reasonably hope to expect. Safe is relative in a -0.27% 30-year TIPS world, of course.
Once again, not investment advice.
6 comments:
Welcome to the party, pal. I also own VZ. I bought it before my current dividend achiever screening criteria, not sure it would have passed or not.
Market feels like it is rolling over, but I am less concerned about draw downs than I used to be. Would I rather be getting a 4.5% yield from a bond, yes, but these are the next best things.
Welcome to the party, pal.
By the time they figure out what went wrong, we’ll be sitting on a beach, earning 20 percent (minus 15.5 percent).
Yields died hard.
I still remember when I thought GM's dividend was reasonably safe.
I thought my stock options as a game developer seemed reasonably safe. That was before I found out that the CEO was committing fraud.
https://www.cnbc.com/2007/01/17/excendant-chairman-sentenced-ordered-to-pay-33-billion.html
Ex-Cendant Chairman Sentenced, Ordered to Pay $3.3 Billion
Later, precious metals seemed reasonably safe. That was before I found out that CEO was committing fraud too.
https://www.justice.gov/usao-wdwa/pr/former-president-and-ceo-now-bankrupt-precious-metals-firm-convicted-mail-and-wire
DOJ: Former President and CEO of now bankrupt precious metals firm convicted of mail and wire fraud for Ponzi-type scheme
Defrauded more than 2500 customers of $25 million
In 2004, I bought precious metals there. Sat in his office and we had a fairly long conversation. They were very slow delivering the metals and returning my phone calls. Made me so nervous that I drove down multiple times just to make sure they were still in business.
In 2006, sold the metals back to them. Dodged a bullet.
They say there is safety in numbers. Doesn’t seem to apply to the numbers 2500, $25 million, and $3.3 billion though. Go figure.
"vires in numeris" is the tagline for bitcoin. Strength in numbers.
Bitcoins are literally numbers. Long hex numbers. Why people are paying $50,000 for hex numbers baffles me, but as long as enough other people want to pay for hex numbers, the game will continue.
A related side note. I was browsing the local library (an underutilized resource) last week and counted the bound volumes of federal laws on banking (CFR). 9 hardbound books worth of laws and regulations. If bitcoin was governed by 9 books of federal laws, I might be more interested.
Two camps:
1. Seems like a new bitcoin age.
2. Seems a bit like new age coin.
I’m in the second camp. I will never willingly own bitcoin.
At what point do the late night psychic bitcoin infomercials appear? Picturing a witchcraft theme, with plenty of hexes. If you can’t trust a new age bitcoin witch to predict the future of bitcoin, then who can you trust?
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