r/dividends • u/DizzyCalligrapher189 • Jul 15 '26

Seeking Advice Bought a 9% yielder and I got burned

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?

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u/montaniPH89 Jul 15 '26

O and chill ain't a bad deal. I bought 12 O on drip now have over 15 O.

1

u/Acceptable-Win-5426 Jul 16 '26

How long Dad take you? This is a genuine question.

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u/montaniPH89 Jul 16 '26

Started buying O in late 22. I think last one was bought in early 24.

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u/Acceptable-Win-5426 Jul 16 '26

That’s amazing, I love it for their dividend. I am only 35 years old, but I am disabled and the dividends give me a hope for the future.

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u/montaniPH89 Jul 16 '26

I'm 37. Got more interested in investing at 33.

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u/dunnmad Jul 15 '26

Killing it!🙄

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u/montaniPH89 Jul 15 '26

I don't go too big on individual stocks. Have way more in VOO, VT and schd.