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CLM. The dividend has paid my water, fiber and half my electricity every month while I've been out of work. Pretty nice!
by MrLeap 10y ago
CLM. The dividend has paid my water, fiber and half my electricity every month while I've been out of work. Pretty nice!
- jwong_ 10y agoCLM?
- et-al 10y agoStock: https://www.google.com/finance?q=clm https://www.google.com/finance?q=clm http://finance.yahoo.com/news/cornerstone-funds-announce-continuing-monthly-215631204.html http://finance.yahoo.com/news/cornerstone-funds-announce-con... Supposedly has an 18% yield, which is pretty darn good. What's the catch?
- MrLeap 10y agoI have no idea. From what I've made on the dividend + buying it and selling it, it could go to zero and I'd still have made money on it. Admittedly I bought it without much due diligence. Just wanted something to park my savings in for a while and some stock screener shenanigans led me to it. Robinhood has really made it easy for me to make silly decisions. Oh well, lucked out on this one.
- et-al 10y agoThanks for the honesty and sharing your tip. :)
- notadoc 10y agoDid you pick exclusively for the hefty dividend? Not sure how sustainable that will be, expensive to own too.
- MrLeap 10y agoI wrote a stock screener when I graduated from college years ago. It's an ensemble of technical analysis, moonbat garbage and horseshit. I ran it looking for a mixture of absurd dividends and lowish beta. CLM's just what I settled on. Can you elaborate on `expensive to own`? The taxes are a little onerous, but maybe you mean something beyond that.