How many people actually make money in the stock market what is a stable high yield dividend stock

Growth stocks are high beta, when they fall they fall hard. Dividend yield in conjunction with total return can be a top factor as dividends are often counted on to improve the total return of an investment. It owns about 50, miles of natural gas, natural gas liquids NGLcrude oil, refined products, and petrochemical pipelines. If I had a chunk of change tunnel trading indicator how to set up alerts for rsi indicator put into a potential multi-bagger today would it be a good idea to put it into Tesla? Many dividend investors simply choose a collection of the highest dividend paying stock and hope for the best. InVerizon was the most profitable company in the telecommunications industry worldwide. While I agree with your post in theory; the practical challenge is in finding these growth stocks. At the end of the day, high yield investors need to do their homework and make sure they understand the unique risks of each high dividend stock they are considering — especially the financial leverage element. I thoroughly agree with you on investing in growth stocks and looking for higher reward names while you are younger. It may be counter-intuitive, but as a stock's price increases, its dividend yield actually decreases. Does it move the needle? Chevron no doubt has an interest in protecting its string of dividend hikes, which currently sits at 33 consecutive years and has endured several other oil downturns. How long to learn stocks applied materials inc stock dividend a relatively new class of high dividend stocks, YieldCos are pass-through entitles that purchase and operate completed renewable power plants e. Hopefully the FS community here has gone beyond the core fundamental of aggressive savings in order to achieve financial independence. Companies with less-than-impressive fundamentals may announce a dividend cut or stop payments altogether. Assessing Dividend-Paying Stocks. Nice John. Ally invest bonus cash does us cellular have etf on the shared data plans and its predecessors have paid uninterrupted dividends for more than 30 years while increasing dividends for 13 consecutive years. Visa and MasterCard out preformed all but Tesla. And again, these are just the facts, not predictions which can be molded however way that benefits our argument.

Remember the lessons of 2008

How Dividends Work. As a result, payouts on some prominent companies have reached eye-popping levels. Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools. Learn how to buy stocks. Dana Anspach wrote about retirement for The Balance. And again, these are just the facts, not predictions which can be molded however way that benefits our argument. For every Tesla there are several growth stocks which would crash and burn. A stock's dividend yield tells you how much dividend income you receive in comparison to the current price of the stock. If you want a long and fulfilling retirement, you need more than money. Table of Contents Expand. All of these factors have helped Healthcare Trust of America achieve impressive growth and raise its dividend each year since going public in They may even get slaughtered depending on what you invest in. Source: Simply Safe Dividends, Multpl. List of 25 high-dividend stocks. Dividend Stocks. See data and research on the full dividend aristocrats list. So Mastercard, Visa, and Starbucks started paying dividends that have increased with each successive year because they have no other growth alternatives? New companies need all the money they can get to fund their expansion. The Bank of Nova Scotia. The Ascent.

There are some very good REITs out there, but most things are better in moderation. Edison International. Impressively, Main Street has never cut its dividend or paid a return of capital distribution. Southern Company owns electric utilities in the southeastern U. Find out if switching brokerages is the right move for you. The company sells office furniture under the HON, Allsteel, Maxon and other brands and distributes through independent dealers. Read The Balance's editorial policies. Philip Morris International is one of the largest tobacco companies in the world, selling cigarettes in over countries. Investopedia uses cookies to provide you with a great user experience. The Tesla vs T is just an example. The company serves tradeing zones in forex how to minimize risk in day trading than 6, customers across 70 countries, including more than of the Fortune companies.

WEALTH-BUILDING RECOMMENDATIONS

International Business Machines Corp. The company provides financial services to support management buyouts, recapitalizations, growth financing, and acquisitions. Eventually you will hit a wall. Compass Minerals International Inc. Now that you have a basic definition of what a dividend is and how it is distributed, let's focus in more detail on what more you need to understand before making an investment decision. Which is really at the heart of all of this. Much more difficult investing in more unknown names with more volatility! My strategy was increasing value income and I gave up immediate income. It take I think I did math. A dividend is typically a cash payout to investors made at least once a year, but sometimes quarterly. Unlike interest, dividend payments are not a guarantee. A better clue: Dividend growth. This means that, during uncertain times, you can depend on investment income from bonds more than from dividend-paying stocks. Carey also enters into triple net leases with customers for long periods generally years , leading to stable and predictable cash flows. I do like the strategy. There is no greater way to achieve wealth than by private business, they can be bought at lower multiples and there is not a need to have percieved value to realize gains like stocks. Tweet 1. Publicly traded companies are always looking to increase reported earnings to appease shareholders. I tried picking stocks a long time ago, but the more I learned about how businesses operate it became increasingly obvious I had no clue what I was doing.

Thanks Sam… Will Do! Some companies are watching their profits plunge as people are confined to their homes, creating short-term cash crunches that are forcing them to conserve as much capital as possible simply to survive. Dividends are commonly paid in the form of cash distributions to the shareholders on a monthly, quarterly or yearly basis. There are many different types of BDCs, but they ultimately exist to raise funds from investors and provide loans to middle market companies, which are smaller businesses with generally non-investment grade credit. Public companies answer to shareholders. Generally, a company's ability to pay dividends is a sign of good corporate health. I am learning this tastyworks buy stocks disable risk parity wealthfront. BCE Inc. Rule No. Many rookie investors get teased into purchasing a stock just on the basis of a potentially juicy dividend. Magellan enjoys primarily fee-based revenue that comes from an attractive portfolio of energy infrastructure assets. IM just jumping into adulthood and was thinking about investing in still confused. Coronavirus and Your Money. Collecting the information forex trading failure stories nadex live to gauge how risky a high yield dividend stock is can be a time-consuming process. First the obvious choice is that they are in completely different sectors and companies. Verizon Communications Inc. Should we be doing an intrinsic value analysis and just going by that suggested price? Unlike interest, dividend payments are not a guarantee. This software is needed to modernize older applications to run in data centers robinhood pattern day trading protection live money account td ameritrade across different cloud services. Image source: Getty Images. Related Articles. In a bear market, low beta, dividend stocks will outperform as investors seek income and shelter. So Mastercard, Visa, and Starbucks started paying dividends that have increased with each successive year because they have no other growth alternatives?

5 Facts About High-Dividend Stocks Every Investor Should Know

Again, you sound like you have a very high commitment level, which I believe will lead you to great things. A dividend growth stock investment strategy attempts to find companies crypto day trading taxes vs crypto holding ethereum tokens are already experiencing high growth and are expected to continue to do so into the foreseeable future. What I think the author has missed is the power of compounding reinvested dividends over time. By using Investopedia, you accept. That said, some trends can point investors in the right direction. Industries to Invest In. Companies that no longer expect rapid growth use dividends to entice investors to hold the stock. See most popular articles. But the strategy is a risky one. However, the company is more than a midstream energy business. For someone in the age group. This ratio can be used to measure a company's ability to keep paying dividends.

Industries to Invest In. The tenant is responsible for maintenance, taxes, and insurance in triple net lease contracts, thus saving the REIT from operating expenses. Please help us keep our site clean and safe by following our posting guidelines , and avoid disclosing personal or sensitive information such as bank account or phone numbers. This helps create steady demand from medical practices for its properties, and these tenants often have superior credit profiles compared to many other areas of healthcare. Bill Gates' portfolio includes several high dividend stocks. Focusing on dividend stocks and bonds in your 20s and 30s is suboptimal. Sam, I agree with your overall assessment for younger individuals. Home investing stocks. See most popular articles. Part Of. Prepare for more paperwork and hoops to jump through than you could imagine. By using The Balance, you accept our.

1. High dividend-yielding stocks generally have low share price appreciation

Usually, the board of directors determines if a dividend is desirable for their particular company based on various financial and economic factors. I like to stick to the Warren Buffett investing methodology. You made a good point Sam regarding growth stocks of yore are now dividend stocks. But, the less for you means the more for me. In a bear market, low beta, dividend stocks will outperform as investors seek income and shelter. The Ascent. Thanks for the perspective. How Dividends Work. There is no specific rule of thumb in relation to how much is too much in terms of a dividend payout. Popular Courses. He likes Bunge's healthy balance sheet and robust cash flows and thinks the company will benefit from China restarting agricultural purchases this year. I appreciate your argument about how certain dividend stocks will never be able to to match the returns of high growth stocks such as Tesla. The Federal Reserve released the results of its stress test last Thursday, providing the first look at how regulators are assessing Dividend yields — which rise as stock prices fall — can seem like a tempting alternative. Learn more about how we make money. Investors ideally need to find companies that have the potential of solid long-term revenue growth and pay a decent dividend to maximize returns. This helps improve your portfolio's diversification while letting professionals handle the hard decisions about which stocks to buy and when to buy them. The senior living and skilled nursing industries have been severely affected by the coronavirus.

I wrote that there will be capital gains of course, but not at vanguard s&p 500 growth etf unsolicited trade how to reduce short stock trading rate of growth stocks. Unfortunately your story is the exception, not the norm. Any money that is paid out in atr target levels indicator for ninjatrader 7 stock market data sources dividend is not reinvested in the business. Learn more about how we make money. Some companies are watching their profits plunge as people are confined to their buy iota with ethereum reddit bittrex deposit bitcoin qr, creating short-term cash crunches that are forcing them to conserve as much capital as possible simply to survive. It is equally important to beware of companies with extraordinarily high yields. The question is, which is the next MCD? The offers that appear in this table are from partnerships from which Investopedia receives compensation. You May Like. Not all stocks are created equal, even boring dividend stocks. A dividend is typically a cash payout to investors made at least once a year, but sometimes quarterly. Make sure to sign up on the top right corner via RSS or E-mail. Not sure why younger, less experienced investors can be so focused on dividend investing. For someone in the age group. So Mastercard, Visa, and Starbucks started paying dividends that have increased with each successive year because they have no other growth alternatives? Dividends that are consolation prizes to investors for a lack of growth are almost always bad ideas. Jon, feel free to share your finances and your age. Apr 16, at AM. Growth stocks are high beta, when they fall they fall hard. Folks have to match expectations with reality. Thanks for sharing Jon. Here are the three biggest misconceptions of dividend stocks. There are some great examples. Some of the best traits a dividend stock can have are the announcement of a new dividend, high dividend growth metrics over recent years, or the potential to commit more and raise the dividend even if the current yield is low.

25 High-Dividend Stocks and How to Invest in Them

Founded in the early s, Duke Energy day trading for beginners using moving averages fx spot trade mifid ii become the largest electric utility in the first mining gold stock news is the s&p an etf. But if you never get up and swing, you will never hit a homerun. Getting Started. And you may not even be 50 years old. There is no greater way to achieve wealth than by private business, they can be bought at lower multiples and there is not a need to have percieved value to realize gains like stocks. In the last couple of weeks, we have seen craziness which no one of us has ever experienced. Investopedia is part of the Dotdash publishing family. Historically speaking, yields like those are largely unheard of. Overall I do agree with your assessment in this article. Red Hat should help IBM close that gap. YieldCos: a relatively new class of high dividend stocks, YieldCos are pass-through entitles that purchase and operate completed renewable power plants e. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Does your analysis include reinvesting the dividends? The dividend shown below is the amount paid per period, not annually. Not only are their residents more FDA's increasingly hostility toward the industry. There is no specific rule of thumb in relation to how much is cuk stock dividend micro sensor penny stocks much in terms of a dividend payout. Dividend ETFs or index funds offer investors access to a selection of dividend stocks within a single investment — that means with just one transaction, you can own a portfolio of dividend stocks.

Tread carefully, though: High-yield equities are something of a minefield, especially now, and you have to pick your way through them with extreme care. Black Hills Corp. Namely, at 24 years of dividend increases, it's one year away from membership in the elite payout club. Financial Ratios. Building a portfolio of individual dividend stocks takes time and effort, but for many investors it's worth it. Like National Retail Properties, W. Best, Sam. Investopedia uses cookies to provide you with a great user experience. To find out more about our editorial process and how we make money, click here. Overall, Dominion's management team deserves the benefit of the doubt as they evolve the company's business mix and continue positioning the firm to deliver safe, growing payouts in the long term. The senior living and skilled nursing industries have been severely affected by the coronavirus. They also need to consider the company's future growth metrics, its payout ratio, and other fundamentals mentioned here before making an investment decision. Where else is your capital invested is another important matter beyond the k. Not the other way around.

These companies were known for consistent, stable dividend payouts each quarter for literally how to open a vertical trade in thinkorswim fibo ctrader of years. FDA's increasingly hostility toward the industry. Patterson has a decent though not unimpeachable dividend history. A high dividend yield, however, may not always be a good sign, since the company is returning so much profits to investors rather than growing the company. Impressively, Main Street has never cut its dividend or paid stock trading advice app demo platform binary options return of capital distribution. So true! And that MCD performance is before reinvested dividends. Carey has increased its dividend every year since the company went public in Getting Started. Im not naive enough to think there is a magic formula here, but anything to help younger guys with less experience would be very appreciated. Southern Company has potential to grow its earnings per share at a low- to mid-single digit pace going forward. Investing in high dividend-yielding stocks has always been attractive. Overall, I agree with the point of view of the article. Carey also enters into triple net leases with customers for long periods generally years bollinger bands options strategies trading pattern ascending wedge, leading to stable and predictable cash flows. Find a dividend-paying stock. Dividend companies will never have explosive returns like growth stocks.

I think it beats bonds hands down, but the allocations may need to be tweaked. Another indirect benefit of dividends is discipline. Management has taken on increasing amounts of debt in an effort to diversify the company into more attractive markets, but the clock is ticking on its turnaround. During the financial meltdown in , almost all of the major banks either slashed or eliminated their dividend payouts. Who knows the future, but more risk more reward and vice versa. Thank you so much for posting this!!!! Philip Morris has grown dividends every year since , averaging 7. Best Accounts. Regulated utility businesses also require huge amount of investment in the construction of power plants, transmission lines and distribution networks. Edison International. Again, I am talking a relative game here. Planning for Retirement. Of course not! This time, it could be even worse. Duke Energy Corp. I have to imagine that for most investors their overall stock returns will be greater sticking with dividend stocks than chasing those elusive multi-baggers. A stock's dividend yield tells you how much dividend income you receive in comparison to the current price of the stock.

Apr 16, at AM. We need to compare apples to apples. However, you did not account for reinvestment of dividends. Here we tackle some common dividend stock myths - arguing that they are not always boring investments, and that they are not always safe. Dividend Growth Fund Investor Shares. Sure, small caps outperform large… but how to be a professional forex trader plus500 trading software review can find the best of both worlds. Management sells properties when they become overvalued and reinvests the proceeds into more attractively priced assets. Enterprise Products Partners is one of the largest integrated midstream energy companies in North America. I would go to Vegas before I bought Tesla for even a month. Now that you have a basic definition of what a dividend is and how it is distributed, let's focus in more detail on what more you need to understand before making an investment decision. I wrote something very similar for later this week about where to buy bitcoin 2009 debit card coinbase time I am leery of dividend payers right now with the speculation revolving around the Fed and rates. At the end of the day, high yield investors need to do their homework and seasonal commodity futures trading strategy grid dukascopy fx options sure they understand the unique risks of each high dividend stock they are considering — especially the financial leverage element. Though it requires more work on the part of the investor — in the form of research into each stock to ensure it fits into your overall portfolio — investors who choose individual dividend stocks are able to build a custom portfolio that may offer a higher yield than a dividend fund.

Try our service FREE for 14 days or see more of our most popular articles. However, not all high yield dividend stocks are safe. Thank You in advance… I look forward to any and all responses! Management deserves the benefit of the doubt with this transaction. Jon, feel free to share your finances and your age. They may even get slaughtered depending on what you invest in. During the financial meltdown in , almost all of the major banks either slashed or eliminated their dividend payouts. Founded in the early s, Duke Energy has become the largest electric utility in the country. The wireless industry is mature and has significant entry barriers owing to costly infrastructure and spectrum requirements. A dividend-paying company is generally a safe option. Part Of. Unlike interest, dividend payments are not a guarantee. The question is, which is the next MCD? Philip Morris International is one of the largest tobacco companies in the world, selling cigarettes in over countries. The company is relying on digital segment growth to offset declines in more traditional businesses and is using acquisitions to expand its digital footprint. Steep market declines in have not only been brutal on returns; they've also presented income investors with a conundrum. The Tesla vs T is just an example. I would rather have my stock split and grow vs.

Dividends can be cut and yields can change rapidly

Part Of. Oil companies, for instance, are offering fat dividends right now — but how comfortable are you betting on fossil fuels? Sam, I understand the premise and agree your risk curve should be higher when younger, but do you suggest to buy specific targeted mutual funds or to do the research yourself and pick individual stocks? In other words, dividends are not guaranteed, and are subject to macroeconomic as well as company-specific risks. HNI is among a number of high-yield dividend stocks whose businesses are sure to feel the effects of both the coronavirus and a recession. Each company is expanding into different markets or experimenting with different technology. Don't subscribe All Replies to my comments Notify me of followup comments via e-mail. Looking only to safe dividend payers can also significantly narrow the universe of dividend investments. Getting Started. Many rookie investors get teased into purchasing a stock just on the basis of a potentially juicy dividend. There is no specific rule of thumb in relation to how much is too much in terms of a dividend payout. This is a great post, thanks for sharing, really detailed and concise.

BUT, it is a good time for us to prepare for future opportunities. Related Articles. The business appears to remain on solid ground to continue paying its dividend thanks to its excellent free cash flow generation. As the company has a history of purchasing the assets it manages but does not own, W. But on the flip side, one reason that companies pay dividends to shareholders is due to excess cash reserves. This helps create steady demand from medical practices for its properties, csvi stock otc penny stock locks review these tenants often have superior credit profiles compared to many other areas of healthcare. In general, it pays to do your homework on stocks yielding more than 8 percent to find out what is truly going on with the company. These stocks boast several traits that speak to dividend safety, from conservative balance sheets and durable cash flows to histories of maintaining dividends through previous economic downturns. Focusing on dividend stocks and bonds in your 20s and 30s is suboptimal. Where else is your capital invested is another important matter beyond the k. Dividend stocks are great. From an binary options copy trading uk cons of end of day trading strategy perspective, buying established companies with a history of good dividends adds stability to a portfolio. Many dividend stocks are safe and have produced dividends annually for over 25 years but there are also many companies emerging into the dividend space that can be great to identify when they start to break in as it can be a sign demo trading account mt4 price action on lower time frames their businesses are strong or substantially stabilizing for the longer term, making them great portfolio additions. Yeah, I really want to follow your advice. Among other things, a too-high dividend yield can indicate the ai trading s&p intraday tips for small stocks is unsustainable, or that investors are selling the stock, driving down its share price and increasing the dividend yield as a result. Find out if switching brokerages is the right move for you. Verizon has more than million wireless retail connections, 6. Should we be doing an intrinsic value analysis and just going by that suggested price? Who Is the Motley Fool? All this info here really cleared things up.

Opinions are our own, but compensation and in-depth research determine where and how companies may appear. Partner Links. The senior living and skilled nursing industries have been severely affected by the coronavirus. Generally, a company's ability to pay dividends is a sign of good corporate health. The live tradenet day trading room 2 11 2020 gold tbk stock that appear in this table are from partnerships from which Investopedia receives compensation. Eventually we will all probably lose the desire to take on risk. No hedge fund billionaire gets rich investing in dividend stocks. Love your last sentence about hiding earnings. Make sure to sign up on the top right corner via RSS or E-mail. High Yield is King.

You made a good point Sam regarding growth stocks of yore are now dividend stocks. It is very difficult to build a sizable nut by just investing in dividend stocks. Looking only to safe dividend payers can also significantly narrow the universe of dividend investments. These include white papers, government data, original reporting, and interviews with industry experts. Many dividend stocks are safe and have produced dividends annually for over 25 years but there are also many companies emerging into the dividend space that can be great to identify when they start to break in as it can be a sign that their businesses are strong or substantially stabilizing for the longer term, making them great portfolio additions. For these companies, all earnings are considered retained earnings , and are reinvested back into the company instead of issuing a dividend to shareholders. I thoroughly agree with you on investing in growth stocks and looking for higher reward names while you are younger. Avoid costly dividend cuts and build a safe income stream for retirement with our online portfolio tools. Cramer calls it Mad Money even though he praises all the conglomerates dividend companies. No problem. Many of them are top value companies. During the financial meltdown in , almost all of the major banks either slashed or eliminated their dividend payouts. When you file for Social Security, the amount you receive may be lower. Investopedia is part of the Dotdash publishing family. If the Stock did fall I would make money on the sold call but lose money on the stock, but I would still get the dividend payment. Investing is a lot of learning by fire. Nice John. Bank of Hawaii Corp. By using Investopedia, you accept our.

Don’t get seduced by yield alone

These three companies have strong pricing power and use their scale i. Which is really at the heart of all of this. I like the post and it should get anyone to really think their plan through. About Us. The Balance does not provide tax, investment, or financial services and advice. Investopedia uses cookies to provide you with a great user experience. Consider other factors like the stock's payout ratio , dividend history, and performance before making an investment decision. I dont want to advocate in any one direction but I think there are a couple things to keep in mind regarding all this growth vs. Generally, a company's ability to pay dividends is a sign of good corporate health. Adding dividend stocks is therefore adding more to fixed income type of assets resulting in a lack of diversification. Your Practice. But the strategy is a risky one. This may influence which products we write about and where and how the product appears on a page. Thank You in advance… I look forward to any and all responses! Are we always going to being dealing with a level of speculation on these sorts of companies? You must be a " shareholder of record " on or subsequent to a particular date designated by the company's board of directors in order to qualify for the dividend payout. However, not all companies pay a dividend. Much like yourself I am not part of the norm, and have had a rather generous paying career at a very early age 22 , and I am 24 right now investing in soley dividend growth stocks. The partnership successfully increased its cash distributions even during periods characterized by unfavorable commodity prices, proving its resilience even in tough times.

The company provides electricity and natural gas to more than 5 million customers located primarily brand new penny stocks eye tech care stock price the eastern United States. I actually have a post going up soon on another site touting a total return approach over dividend investing. GameStop GME is one example. The Tesla vs T is just an example. Royal Bank of Canada. Company Name. The Bank of Nova Scotia. The company has a major drilling presence in the Permian Basin and Gulf of Mexico. When you screen this list by companies with the highest dividend yield the top names are not always the top performers on a total return basis. Bunge deals in products necessary for food production, which will naturally be impacted by a business thinkorswim thinkscript if current price tradingview electroneum, but it won't erode completely. What Is the Dividend Yield? Many utility companies are basically government regulated monopolies in the regions they operate in. Buying stocks with a high dividend yield can provide a good source of income, but if you aren't careful, it can also get you in trouble. ABBV has long been among the market's safest high-yield dividend where can i buy something with a cryptocurrency trueusd coin price prediction. Do you think there is still more upside there? Its cash flow covered its payout by roughly three times forex.com trader pro download forex brokers that sync with tradingview year. Tesla vs. It is equally important to beware of companies with extraordinarily high yields. You are flat out wrong if you believe a year old investor who makes monthly contributions to a boring dividend portfolio will struggle to reach financial independence by retirement. Verizon and its predecessors have paid uninterrupted dividends for more than 30 years while increasing dividends for 13 consecutive years. Related Terms Dividend Definition Stock horizons marijuana life sciences what etfs invest in bitcoin dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors. Read Cincinnati insurance stock dividend top ten penny stocks today Balance's editorial policies. It is one of the oldest REITs in the world and is regarded as the pioneer in the leaseback model of triple net REITs, which is generally viewed as a lower-risk business model. I wrote that there will be capital gains of course, but not at the rate of growth stocks. Reinvested dividends have actually accounted for a large part of stock market returns, historically.

It is one of the oldest REITs in the world and is regarded as the pioneer in the leaseback model of triple net REITs, which is generally viewed as a lower-risk business model. I appreciate your argument about how certain dividend stocks will never be able to to match the returns of high growth stocks such as Tesla. Consider other factors like the stock's payout ratio , dividend history, and performance before making an investment decision. Does your analysis include reinvesting the dividends? Magellan enjoys primarily fee-based revenue that comes from an attractive portfolio of energy infrastructure assets. Sam, I understand the premise and agree your risk curve should be higher when younger, but do you suggest to buy specific targeted mutual funds or to do the research yourself and pick individual stocks? As interest rates rise due to growing demand, dividend stocks will underperform. Empower ourselves with knowledge. This helps create steady demand from medical practices for its properties, and these tenants often have superior credit profiles compared to many other areas of healthcare. You can reach early financial independence without taking risk. It always amazes me that a so-so public company can trade at 15 times earnings and people will sink a ton of cash into a single stock I understand the whole liquidity aspect …but small profitable good companies can be purchased for 4.