High(er) dividend yields
Being close to retirement, I am looking for high(er) yielding dividend stocks for my portfolio. My initial screening criteria is dividend yield above 9% and monthly payout. From there, I check the charts to see how the stocks have fared over 4 time periods; 21 days, 3 months, 21 weeks, and 1 year. I select stocks that are are uptrending, and when a stock begins to trend lower I trim positions. I'm no expert, but I think this might give me a good balance between the lower-paying dividend stocks which are the stalwarts of dividend investing which have a fairly low yield, but are "supposed" to be "good investments".
Currently, I have a watch list on my website and my 'favorite' stock is ARR.
I am not 'married' to any one investment, and will sell if the price declines. Since I buy near the bottom of an uptrend channel, this usually works out well. Usually..
I also don't believe in "buy and hold" as an investment strategy. That did not work out too well for me in 2008-2009, where I lost almost all of my 401k. Thank you, Mr. Market.
Now, I'm just trying to get it back.
This is one way.I have others.
I also play some options, and I also look for uptrending lower-priced stocks.
So far, so good.
But, I'm both a fool and a Fool, here for your amusement.