Sell These Dividend Stocks Now!
High yield dividend stocks are in favor with income oriented retirement investors right now. But what happens when your high yield dividend investment actually ends up losing more of your retirement money than it protects? That is the sad reality for many dividend stocks in 2010 despite their high yields and investor perceptions that these investments are low-risk, conservative plays.
Simple investing strategies often works best in a difficult market, so here’s an investing adage that’s worth remembering when picking dividend stocks -- “don’t throw good money after bad.” If you’re losing a significant amount of money as the share prices of your dividend stocks dive, then it may be time to pull the trigger. After all there are a host of high-yield stocks out there, so why should you settle for one that offsets your quarterly dividends with regular losses in share price?
To help you identify which dividend losers you should cut loose, here are seven high yield dividend stocks that just aren’t worth holding on to right now:
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