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These “Preferred” 8% Dividends Get Us Into Wall Street’s VIP Lounge

This GameStop madness is a clear and present danger to our dividends. Let’s stop and look at exactly what it means for our income streams, and what we’re going to buy to protect ourselves (and cash in with monthly payouts up to 8%!) When the Dumb Money Runs, We Need to Be Careful The whipsawing shares of GameStop (GME), AMC Entertainment Holdings and others are classic cases of “dumb money” in action: they’re among the many short squeezes breaking out across the market—where short sellers, including hedge funds, betting against a stock lose big as buyers bid the stock up in an effort to “stick it to the suits.”… Read more
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