Why I Just Bought These 3 Ultra-High-Yield Dividend Stocks
When a commercial aircraft encounters turbulence, a flight attendant will tell all passengers to return to their seats and buckle their seat belts. Some investors think a similar approach is appropriate when the stock market hits a rough patch. They hunker down.I have a different strategy. Instead of staying on the sidelines, I like to put my money to work when the stock market is bumpy. Here's why I recently bought these three ultra-high-yield dividend stocks amid the current choppiness.I won't deny that Ares Capital's (NASDAQ: ARCC) dividend ranks at the top of the list of the reasons I just added to my position in the stock. But with the business development company (BDC) offering an ultra-high forward yield of 8.6% at the current share price, who can blame me?Continue reading
When a commercial aircraft encounters turbulence, a flight attendant will tell all passengers to return to their seats and buckle their seat belts. Some investors think a similar approach is appropriate when the stock market hits a rough patch. They hunker down.
I have a different strategy. Instead of staying on the sidelines, I like to put my money to work when the stock market is bumpy. Here's why I recently bought these three ultra-high-yield dividend stocks amid the current choppiness.
I won't deny that Ares Capital's (NASDAQ: ARCC) dividend ranks at the top of the list of the reasons I just added to my position in the stock. But with the business development company (BDC) offering an ultra-high forward yield of 8.6% at the current share price, who can blame me?
