Yes having a high dividend yield is always the right thing to invest and in this post I am not giving you any financial advice and telling you what to do. Please do your own research before buying anything on the stock market but yes we all must watch out for high dividend yield stocks before doing any research on the company.
I didn’t know when I first started and the high dividend yield And the high dividend payments looks good but some companies cant pay that high dividend over time and some can but some can’t so doing your own research is key before investing. I have brought some high dividend yield stocks and they didn’t work out for me.
The stock or company cut their dividend pretty much in half and the stock price is half the price now so I can’t even sell the stock without taking a bug loss so I am stuck with it. A high dividend yield stock is called a dividend trap for new investors that juts hit the market.
When I say high dividend yield I am talking about 15 to 20% high dividend yield which is just too high for me, for other people they don’t mind the high dividend yield. on my dividend stock YouTube channel which you can check out here: https://www.youtube.com/
One of them are below and in this video below I will go over why high dividend yield Is not good and why you should do your own research before buying anything on the stock market and watch out for the dividend trap.
