Don't Plug Into Utilities Just Yet
After I discussed unconventional income investing the other day, a friend asked a pretty good question. Why can't income investors today do what our fathers and grandfathers did when they needed income from the stock market? They would just buy some electric utility stocks, maybe some telephone stocks, and sit on them for decades at a time and just collect the dividends along the way.
That worked for literally decades. When I started in this business back in the mid-1980s, much of a new broker's daily activity consisted of pitching utility common and preferred stock to potential investors. Everybody knew these stocks, people were comfortable owning them, and they paid a great income....558 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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