Retirement Income And Dividends For You

Summary
Why I love picking up the mail.
The best countries for dividends.
GE’s 87% dividend yield.
Dividend checks

I love picking up my mail because it is often stuffed with dividend checks. I receive physical stock certificates for a number of my investment strategies including mutual conversions and odd lot tenders, so I get some of my dividends in the mail. Instead of collecting bills (nearly all of which can be paid online), I collect dividends. Here are some dividends that you might want to collect, too.
Asset allocation versus business operations
Asset allocation and business operations are two separate and distinct subjects. Few people are any good at both. My favorite asset allocator runs Berkshire Hathaway and my favorite business operators run 3G, but even they need each other from time to time.
One problem with great business operators is that they tend to be enthusiasts. Great oil drillers would spend your last dollar drilling for oil. Top gold miners would fight for that same dollar to spend on mining gold. It is the task of judicious asset allocators to consider the attractiveness of any one operation versus all alternatives.
One advantage of a dividend is that it is a mild counterbalance to the enthusiasm of business operators who are almost always happy to plow your profits into growing operations, whether or not that is the optimal asset allocation. A dividend is a small tax on their ambition and enthusiasm.
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