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Strategies & Market Trends : Dividend investing for retirement

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To: Hoatzin who wrote (32642)	4/22/2020 7:32:20 AM
From: Ditchdigger	Read Replies (1) of 34328

Morning Hoatzin. Outside of my ETF's holding of financials, I had no exposure. My thinking was take short term profits and put them into an income producing long term holding in the financial sector. With an 8.1% dividend, 39% payout ratio and a PE in the 5's it looked like it was worth a shot. The recent sale of the Korean business I see as a positive as well. We'll see, obviously I'm not off to a good position start(g), but not looking for cap gains either. Technically speaking 53 or so looked to me as a place price might gravitate to. It appears to have under performed the sector for while, even prior to covid. finviz.com And I should acknowledge a bit of bias, my grandfather was an insurance salesman for Prudential for 30 years. I can remember when I was very young, sitting in his lap(helping to drive(lol)) while in the evening he drove to individual homes and collected their monthly insurance payment...like a paperboy would back in the day. Talk about service. He did very well in his career working for PRU.(he also had a cut off axe handle in the back seat just in case he ran into an unfriendly dog..(ha,ha))

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