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When someone asks about "generating income" from an investment, I don't think they're usually talking about withdrawing capital. So any talk of stocks or stock funds should include the word "dividend."
Good point. As I said in the OP I am looking for current income. I am not looking to grow the capital base but will be sweeping all divs to a cash account once a month for immediate spending. Currently I generate 7% tax free on $30k I have another $20k that I want to invest similarly.
Beats me , the words current income mean to me spending it now.
That's because you're thinking like a retiree, LOL.
Edit: BTW, I assume you're referring to "spending the capital now." I ASSUME any dividends would be spent after taking them, considering "income" is the goal here.
well a lot of folks only think in terms of how they do when they accumulate money.
once they pull some out there is a world of difference in how things work out.
pulling any money out in down years can make all the difference in the world as to how things have to be thought of.
even dividends in a down market are no free lunch. they come out of one pocket and just move to another. spending them is no different than taking that amount out of a non dividend payer when markets are down.
the effect is the same until and if things recover in both cases..
well a lot of folks only think in terms of how they do when they accumulate money.
once they pull it out there is a world of difference in how things work out.
I am not sure what you mean. I have been pulling current income out of this account for a decade with the capital base remaining +- 15%. I dont want to accumulate.
I've actually made a great deal of money off penny stocks when I was in college. Admittedly, it's INCREDIBLY risky and requires absolute precision and pin point timing, not to mention supportable volume. I lost a fair bit in the beginning learning the ropes. I got to the point where I was giving my best tips to my dad, and he was making 200% -300% returns.
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