If you had a lot of cash money on the sidelines, where would you put it for income??

Cabin111 said:
This threat was posted earlier...

The rally has been more impressive than the selloff was shocking
But, if you have cash...Where do you put it? If I am willing to try and find a return of 2-3% (with safety) where would I go?? I am too old to set up day trading...old dog, new tricks. I can't (don't want to do) CDs, bonds, REITs, QQQ (again safety), annuities (no inflation protection).

If I was 30 years younger I would wait 6-9 months and find some retail property (with a good anchor store) and ride it out. But I'm not...Going on 65, it is what it is.

I bought RING, but optioned it...Will get a good return, but it could have been so much more. Below are a few stocks I may go into (even though I am already in them). I never want to go too heavy into one stock (learned my lesson from GE). But, unless there is an ETF with safety (and will hold at least a 1% dividend) I will have to think outside of the box...Hoard toilet paper!!

Verizon...It is up a bit. It should have a dividend. If the market crashes again, people may keep their Verizon account and could drop their Apple phone (watch). Walmart...Very boring (and yeah, they will get sued from people getting sick and dying). They did OK during 2008-2009. Sears, J. C. Penny, even Macy may not be around. McDonalds...They will make it if anyone will. If they don't, the US economy is dead...Totally!! Duke Energy...Yeah, they may reduce their dividend, but it will probably still be there. The areas they are at are pretty conservative (people may have savings). Chevron...Even if they don't hold their dividend, they have great locations. Chevron does not have great oil reserves...But they could buy some cheaply and pay for it with a cheap loan. They are even moving slowly into charging stations (a fast food restaurant on one side). Alibaba...(sorry can't get rid of this font...copy and paste, won't go away). Be outside the US...Hope for growth if the US tanks. Lowe's...Even if people have to sale their house (or people buy), home improvement can and should be done (they can also deliver!!). Schwab...Younger generations (tech) may move to them from the big boys. They have walk in offices for hand holding (when they open again...6 feet away). Enbridge...Canadian company. You still need the pipelines to get whatever oil you send to around the world. Wells Fargo...Biggest, people move to safety if their bank is about to go under. ADM...Around the world with food stuffs...Not glamorous, but hey, it works. They have held their dividend for years and years. It may be reduced, you never can tell.

With all of these I might buy and then do a covered call for extra income. I do own all of these stocks. Just am thinking of adding on (beyond my comfort level) for safety and security. Thoughts...
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I'd wait about a year and start scooping up cheap properties, especially multi-family units, and rent them out HUD for life. It's a no-brainer.
 
You think it's prudent to recommend some b-league bank stocks in a highly volatile environment and close to zero interest rates to a 65 year old as investment?

Nine_Ender said:
Depends on your timing; mid March you could get BMO and TD at minimal long term risk with a yield between 6 and 7%.
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FrankInLa said:
You think it's prudent to recommend some b-league bank stocks in a highly volatile environment and close to zero interest rates to a 65 year old as investment?
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They aren't B league bank stocks they are higher quality then most if not all US banks. One of the best kept secrets I guess but millions of Canadians own them with no worries at all. High quality balance sheets with profits growing for decades. I think it's unfortunate that you would discourage people from putting their money into such high quality assets.
 
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I discourage people in retirement age to get into new stock adventures. Especially not bank stocks that most likely will underperform in any recovery that will unfold at some point. How do banks exactly expect to outperform with near zero interest rates and consumers that are really not all that crazed up about consumption and taking on even more debt?

Nine_Ender said:
They aren't B league bank stocks they are higher quality then most if not all US banks. One of the best kept secrets I guess but millions of Canadians own them with no worries at all. High quality balance sheets with profits growing for decades. I think it's unfortunate that you would discourage people from putting their money into such high quality assets.
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FrankInLa said:
I discourage people in retirement age to get into new stock adventures. Especially not bank stocks that most likely will underperform in any recovery that will unfold at some point. How do banks exactly expect to outperform with near zero interest rates and consumers that are really not all that crazed up about consumption and taking on even more debt?
More...

I'm not sure what retirement age is anymore but anyone with a 2-3 year window has no worries with these stocks they won't under perform at recent levels. I wasn't really think seniors in my answer though just working age people somewhat risk adverse from other types of equities.
 
Well, you may want to use history as your guide. Bank stocks underperformed in almost all past environments during which interest rates were extremely low.

Nine_Ender said:
I'm not sure what retirement age is anymore but anyone with a 2-3 year window has no worries with these stocks they won't under perform at recent levels. I wasn't really think seniors in my answer though just working age people somewhat risk adverse from other types of equities.
More...
 
Cabin111 said:
This threat was posted earlier...

The rally has been more impressive than the selloff was shocking
But, if you have cash...Where do you put it? If I am willing to try and find a return of 2-3% (with safety) where would I go?? I am too old to set up day trading...old dog, new tricks. I can't (don't want to do) CDs, bonds, REITs, QQQ (again safety), annuities (no inflation protection).

If I was 30 years younger I would wait 6-9 months and find some retail property (with a good anchor store) and ride it out. But I'm not...Going on 65, it is what it is.

I bought RING, but optioned it...Will get a good return, but it could have been so much more. Below are a few stocks I may go into (even though I am already in them). I never want to go too heavy into one stock (learned my lesson from GE). But, unless there is an ETF with safety (and will hold at least a 1% dividend) I will have to think outside of the box...Hoard toilet paper!!

Verizon...It is up a bit. It should have a dividend. If the market crashes again, people may keep their Verizon account and could drop their Apple phone (watch). Walmart...Very boring (and yeah, they will get sued from people getting sick and dying). They did OK during 2008-2009. Sears, J. C. Penny, even Macy may not be around. McDonalds...They will make it if anyone will. If they don't, the US economy is dead...Totally!! Duke Energy...Yeah, they may reduce their dividend, but it will probably still be there. The areas they are at are pretty conservative (people may have savings). Chevron...Even if they don't hold their dividend, they have great locations. Chevron does not have great oil reserves...But they could buy some cheaply and pay for it with a cheap loan. They are even moving slowly into charging stations (a fast food restaurant on one side). Alibaba...(sorry can't get rid of this font...copy and paste, won't go away). Be outside the US...Hope for growth if the US tanks. Lowe's...Even if people have to sale their house (or people buy), home improvement can and should be done (they can also deliver!!). Schwab...Younger generations (tech) may move to them from the big boys. They have walk in offices for hand holding (when they open again...6 feet away). Enbridge...Canadian company. You still need the pipelines to get whatever oil you send to around the world. Wells Fargo...Biggest, people move to safety if their bank is about to go under. ADM...Around the world with food stuffs...Not glamorous, but hey, it works. They have held their dividend for years and years. It may be reduced, you never can tell.

With all of these I might buy and then do a covered call for extra income. I do own all of these stocks. Just am thinking of adding on (beyond my comfort level) for safety and security. Thoughts...
More...
 
In mid March at one time or another, ABBV was paying 8% dividend, BMY 4%, GILD 4%, Roche 4%... all had very reasonable PE and dividend coverage of ~50-60%.

Seemed to me in a panic we shoot and then aim.
 
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