Msg. 28825 of 62138 (This msg. is a reply to
28763 by
capt_nemo)
Jump:
Nemo > No Idea. Those are old folks investments and slow ones at that LOL...........
That reminds me of something I heard a very long time ago . . .
"Utilities and REITs are stocks for widows and orphans."
And I said to myself 'that is right up my alley'.
Dominion Resources is an electric utility. It is a company I've
owned for the longest time. And it is one of my biggest winners.
It is, in fact, a 'gift' that just keeps on giving. With a sweet
dividend check every three months.
But why bond funds?
Diversification. Something that is likely to retain more value
if (or when) stocks go down for a while. Monthly income - they
spit out a dividend check every month. And, with municipal bonds
that income is federal tax free.
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