The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: high yield dividend funds||Date: 1/16/2011 8:24 PM|
|Author: Goofyhoofy||Number: 68268 of 81000|
I am very close to retirement. And have just started to invest.
I am interested in starting with high-yield dividend funds. Since my needs for income is great.
Most "funds" have a cost of between 2-3% per year. Even great dividend payers are paying between 4-5%, so you are giving up half of your income to the fund managers. (There are a very few stocks paying 6% or better: AT&T and Altria, for instance. But those are exceptions, and not without risk.)
You might want to visit the Dividend Growth Investing board, where such things are discussed. Don't be afraid to page backwards through time, but I wouldn't go more than a year or two back since things do change.
My IRA portfolio is structured to produce income, and includes:
(Stock / Dividend / PE ratio)
Pfizer 4.6% with a P/E of around 18 (that's high)
AT&T 5.9% with a P/E of around 12.5
HJ Heinz 3.8% with a P/E of around 16
Alliant Energy 4.5% with a P/E of around 12.5
Campbell Soup 3.1% with a P/E of around 14
Chevron 3.6% with a P/E of around 9
Clorox 3.6% with a P/E of around 15
Coca Cola 3% with a P/E of around 17
Con Edison 4.9% with a P/E of around 14
*Dow Chemical 2.6% with a P/E of around 15.5
Dupont 3.6% with a P/