Why investors are moving into 'bond proxies'
Those stocks, with safe dividends, won’t be cut even if the economy stumbles.
Here’s one of my favorite statements from a financial expert back in 2008.
“Citigroup has been paying a dividend for over 100 years. There’s no way they’re going to stop now. It would be corporate suicide. At $30 per share, it’s a bargain.”
C Div History
Oh well, he wasn't entirely wrong, and a penny saved is a penny earned. Perhaps he was a distant relative of Benjamin Franklin.
I personally don't even understand the "bond proxy" investment theory or term.
Just sounds like "newspeak" being passed around the investing and financial circles.
Much like one they started using a few months ago "comp or comps"..
I guess if you are using a 2-3" screen and only know how to text..
Then we will have to put up with "moronic" partial words that have double meanings..
I grew up with or used acronyms for about 30 years, before many newbies were born, but never had so many that we didn't know what they meant....The funniest: DNB (do not abbreviate).
Reply -The Tea Party wants a balanced budget, less government and more freedom. Why do you call this agenda a fiasco?
The Tea Party is composed of young hypocrites with misguided goals and objectives. The Tea Party wants to deny the budget and debt required to honor the laws and regulations passed by prior US administrations in favor of fighting their insane religious crusades and greedy pursuits. If they truly wanted to cut spending then they would eliminate all foreign aid including Israel and stop the $1 trillion we've been wasting on defense welfare over the last 10 years.. That was $100b per year above and beyond our $800b annual defense budget. An F35 costs $120,000,000 per copy and they want to order 3,100 for a cost of $372 billion. That's $1860 of my taxes that I don't want spent.
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The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
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