04-29-2020, 03:11 PM
Not to toss more kindling into the fire, but I'd be concerned about CTL too. It's got a junk BB credit rating and has already cut the dividend twice in the last decade. It wouldn't surprise me at all if they cut again in the future. Considering it's your highest dividend payer, that might be something to consider.
At your age just stick to companies with BBB+ or higher credit ratings in non-cyclical industries and you'll do just fine in the long run. Don't be enamored by high yields. You don't need the income now, and they generally offer lower growth and more risk than other stocks.
Focus on the GROWTH in DGI rather than yield. It's not a get-rich-quick method of investing, it takes years for the snowball to grow.
Don't get discouraged though! Now is the time to take some lumps and learn from the school of hard knocks. It's much better to make the mistakes now with a small portfolio so when you have a big one at retirement you know what you are doing by then. =)
At your age just stick to companies with BBB+ or higher credit ratings in non-cyclical industries and you'll do just fine in the long run. Don't be enamored by high yields. You don't need the income now, and they generally offer lower growth and more risk than other stocks.
Focus on the GROWTH in DGI rather than yield. It's not a get-rich-quick method of investing, it takes years for the snowball to grow.
Don't get discouraged though! Now is the time to take some lumps and learn from the school of hard knocks. It's much better to make the mistakes now with a small portfolio so when you have a big one at retirement you know what you are doing by then. =)