Covestor model manager Bill Deshurko, who manages the Dividend and Income Plus model, was interviewed on News@7 to discuss investing in high dividend yielding stocks. Bill mentions his investment thesis for Verizon (NYSE: VZ) and Nightsbridge Tankers (Nasdaq: VLCCF), along with his general investment strategy for producing income from stock holdings..
Listen to the interview here:
HRN BillDeshurko by mickwe
Bill also has a new book out: The Naked Truth About Your Money (Penguin). He says he wrote it, among other reasons, to dispel this myth:
I hate the industry’s take that if you’re young, you can afford risk. You can’t. A loss is a loss. There is no such things as a paper loss. If you lose 40-50% of your money to the market, it’s gone and you now have much less with which to grow. The lesson I learned – the best investment I made for my kids’ education was an real estate investment trust that paid a 8% dividend consistently, and I just reinvested that year after year.
Bill also encourages parents to consider using dividend yield for paying tuition bills, while keeping principal intact.
For more on Bill DeShurko’s holdings, including Southern Copper (NYSE: SCCO) and Penn West Petroleum (NYSE: PWE) see: Four High Dividend Stocks Bill DeShurko is Buying
