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RE: Trade Idea - Targeting Dividend Stocks with Yields Higher Than Historical Average

in LeoFinance5 years ago

I am long MO in a big way. Got most of mine at about 8% It's about 1/3 of my portfolio. Less people smoke every year, but they also sell wine and own a large chunk of budweiser beer :-)

Vices are a good business.

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It seems like a really good chance to take. I jumped in today too, not quite as heavily weighted as you, but still think it will do well for me as long as the dividends stay safe.

Might be hard to sell if the price levels return given a still 5% dividend, but I tend not to get too greedy and take profits.

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