I've posted this before, if all you are looking for is 5% dividends, look into online banking or credit unions.
There are no fees, the banks are FDIC insured ($250K) and credit unions are covered by NCUA ($250K).
The only thing you have to be aware of is the interest does not change, if it does it's very easy to close an account and move on.
You can sleep knowing the principal is secure no matter what the market does, and they send you a 1099 come tax time.
I personally have some money parked there, it's like a security blanket.
|