Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: temco2 who wrote (34316)	11/24/2024 8:53:15 PM
From: Steve Felix	2 Recommendations Recommended By Mannie temco2 Read Replies (1) \| Respond to of 34328

I have moved numerous accounts for myself and others to what is now Schwab by just calling my contact and giving him the needed info. Done in a week or less and I do nothing. I know nothing about T. Rowe Price, but if you are going to trade much, I think I would talk to someone who does it there. I moved accounts out of Vanguard when I started trading for people with accounts there, as I think their site sucks for trading. Wifes' aunt had an account with Wells Fargo. Started that movement the day she handed it to me. ug! I'm guessing the majority here that do things themselves, are with discount brokers, not the big guys. "I'm looking for advice where to deploy this other than 100% equities as I've never been there other than a MM fund." Maybe too drastic a change for you, but I will throw out ATLCZ. Although showing as a preferred at Schwab, they are senior notes, higher on the pecking order. Mostly I hold as a hedge against a big market downturn. I expect they will hold up much better than common stocks, and I collect 9.25% in the meantime. Not saying they will not go down on a sell off, but thinking they hold up much better than most stocks. atlc20240124_fwp.htm Parent company ATLC. CFRA has them at a buy here, with this years earnings $4.61 and next year at $6.04. Maybe a safe time to wet your whistle. Second on my list would be PRIF-K, 7% preferred trading at $22.50, $2.50 below par, yield 7.8%. Perpetual, so no call date. PRIF is not traded on the exchanges. CEFs must have a minimum amount of assets relative to the amount of preferred shares issued. For each $1 of preferred stock issued, the fund must have $2 of assets at the time of issuance and dividend declaration. Everything seems expensive to me at this time, but now that you are retired, if you enjoy investing, there are many wise people here, and although I invest nothing like most posters there, I have got good ideas on the income investing thread. Income Investing \| Stock Discussion Forums Best to you in your endeavors!