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Re: lawrenzo post# 7915

Tuesday, 07/14/2020 5:40:02 AM

Tuesday, July 14, 2020 5:40:02 AM

Post# of 8177
Off 37% in past month! Remember what I've_advised: "Buy quality and diversify." 2020 has been been brutal for high dividend stocks of all types. NGL has been among the very weakest.

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"Again high div stocks are sucker bets: 'All 10 of the S&P 500 stocks with the highest dividend yields coming into the year, like real estate play Iron Mountain, energy firm and Warren Buffett holding Occidental Petroleum plus consumer discretionary Ford Motor, are disasters this year. That's according to an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. Each of these stocks, starting the year with yields of 5.5% or higher, plunged in value in 2020."

"And it gets worse. Three of the 10 "high yield" stocks this year slashed or completely eliminated their dividend, too."

https://www.investors.com/etfs-and-funds/sectors/sp500-hot-dividend-stocks-cost-you-warren-buffet-billions/

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