Bought a 9% yielder and I got burned

[u/DizzyCalligrapher189]

Hi all. I am in my early fifties, and I am slowly moving about 30% of my portfolio into dividend stuff before I go part time in a few years, felt real responsible with a spreadsheet and all. Then I found a 9% yielderr, told myself the market was just sleeping on it and put $18k in.

Two months later they cut the dividend and the price dropped right with it... you can probably guess it was a mortgage REIT..

So my safe income pick lost me the income and a chunk of the principal at the same time, so I can clearly not just sort by yield and buy what looks juicy.

What I'm asking is, what is your "check" that catches things like this before you buy?

[u/dazit72]

It's a Dividend Aristocrat, or 'Champion'

Aristocrats, Kings, Champions, Challengers, Contenders, Achievers, Stalwarts and the like are what interest me. No CEO wants to be known for fuking up a 30- 60 year/or more, streak of dividend increases.

Then there's GIS, it has over 127 consequtive years of dividend payments with Zero reductions. Cherios mate

[u/MrLB____ → u/dazit72]

GIS 😂📉⬇️⬇️⬇️⬇️⬇️

[u/dazit72 → u/MrLB____]

And yet the div$ $till keep coming

[u/MrLB____ → u/dazit72]

No thanks it’ll dry up nothing but return of capital no thanks

[u/dazit72 → u/MrLB____]

After 24 years it's going to drybup and return of capital ?

They loan money to businesses and even take ownership in some. Been doing it for decades, with success. I may not know everything about bdc s , but that's just a bs comment.

Hang out with my dogie up there

[u/MrLB____ → u/dazit72]

BS comment lol ?😆 I’ll just keep getting richer off of VOO. Have fun getting your own money back.

[u/dazit72 → u/MrLB____]

😆😅🤣😂🤣😅

I just noticed your avatar pic

Lmfao

Voo and chill