$7500 in a dividend stock, where?

[Trailrider]

I would go to Las Vegas, visit a major casino that serves free drinks while you are playing, walk up to the nearest roulette table and put the entire amount on red or black. YMMV

I think you're describing Options, not a dividend stock. But you do you. Surprised you didn't bring up a fiat currency rant. Dividend stocks are about as safe and predictable as a high yield savings account or CD.

 

[The Old Jaybird]

I am talking about VDIGX at Vanguard specifically, wife has $$$$ in a similar Fidelity fund.

 

[GaMudd]

VHYAX with Vanguard is a good option as well.

 

[Allsmiles]

How much $$ are you talking about to get $7500 year? I'm setting up a couple of accounts now and would like to get about 20k.

 

[The Old Jaybird]

wife and I are over 75 and have to take RMDs, this is about $27,500.00 net after taxes on about $550K in investments.

 

[Allsmiles]

Too young for RMD yet on 401k's. This is money outside of that.

 

[donr]

Looking for input, thanks ODT.

Not a dividend stock but Schwab has a 3 month CD paying 5.45%.

 

[Allsmiles]

I'm with Schwab.

 

[The Old Jaybird]

there you go, do it.

 

[Shey]

Not a dividend stock but Schwab has a 3 month CD paying 5.45%.

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