5 Best High Yield Stocks To Buy Now
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. Recently Oregon became the first state to legalize psychedelic mushrooms which are shown to have promising results in treating depression, addiction, and PTSD in early stage academic studies. So, we are checking out this
psychedelic drug stock idea right now. We go through lists like the 10 best biotech stocks to invest in to pick the next stock that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage (or at the end of this article). Keeping this in mind let’s take a look at the best high yield stocks to buy now:
10 Best High Yield Stocks To Buy Now
In this article we discuss 10 best high yield stocks to buy now. You can skip our discussion of why do we think it’s a good strategy to invest in dividend stocks in 2021 and go directly to 5 Best High Yield Stocks to Buy Now.
Is Dividend Investing a Good Strategy in 2021?
There is a lot of debate around the merits and long-term viability of dividend investing. The crux of this debate is this: a dividend is not free money. In reality it is a transfer of money from a company to you. That comes at a cost. For example, let’s say a company is worth $1000 with 100 shares ($10 per share). Say this company is paying a dividend of $1 per share. When this dividend is paid, the company’s worth actually declines by $100 ($1/share 100 shares). So the total value of the company is now $900. Dividend investing is based on a trade-off. Instead of putting money into long-term growth projects that will drive its stock price higher and increase returns, a