Dividend Stocks Fill Income Need

Posted by D4L | Tuesday, February 21, 2012 | | 0 comments »

CDs and money market funds are OK for parking cash, but certainly not for earning income. One-year CDs averaged yield of 0.68% going into Monday, according to Bankrate.com. And the average taxable money fund's seven-day yield was 0.03% as of Feb. 7, according to Money Fund Report. To cope, money professionals are telling investors to think beyond traditional sources for income. Michael Fredericks, head of U.S. Retail Asset Allocation for BlackRock Multi-Asset Client Solutions, recommends a go-anywhere tack.

This can tap anything from U.S. dividend-paying stocks to foreign bonds. Similar themes are popping up in several presentations at the Charles Schwab Investment Outlook 2012 conference, taking place Tuesday in Boston. Income from high-yield bonds and funds is among the highest of nonsavings account vehicles. Junk bond funds tracked by Morningstar Inc. average a 7.07% yield.

Source: Investors.com

Related Articles:
- 10 Dividend Stocks For Healthy and Wealthy Retirement
- 15 Dividend Stocks With A 15% Yield In 15 Years
- Why Dividend Stocks Are Evil
- Don't Touch These 5 Dividend Stocks!
- 3 Dividend Stocks That I Will NEVER Lose Money On

Click here to have future posts delivered to you for free!

_____________________________________________________________________

0 comments

Post a Comment

~

Latest From Dividend Growth Stocks

Popular Posts Last 30 Days