I recently did a review of my portfolio as the year is coming to an end. Like most years, I made mostly solid decisions with a sprinkle of “what the hell was I thinking buying that” mixed in. The majority of stocks I own are either growing well or providing very solid dividends. But when is the time to make a switch?
That time was a week or so ago for one. I was holding onto a high yield dividend stock for years that was down around 8%. I didn’t really care since over the years the dividends had me well into the green and showing a great profit. I already had some stock wins during the year as well that put my gains strongly into the positive figures. So why now?
Because there will always be a high yield dividend stock out there for you to make a quick dollar. I made my money on the previous one and sold at a loss to offset my capital gains for the year. Then distributed the left-over money into another high yield dividend fund. I’ll even tell you which one: AMZY. Risky? More than most in my portfolio but it’s only about 2% of total portfolio and the returns are great. It pays a weekly dividend, so you get your money quick. If it ever tanks, I’ll dump that one for the tax loss and find another. Rinse and repeat my friends.
Sustainable? Take a look: The answer is NO. They pay almost a 50% dividend yield but the dividend growth is shrinking at a rate nearing 40%. Make your money, take the overall loss, and get out. Winner-Winner.
AMZY Dividend Yield
49.35%
Annual Dividend
$4.96
Ex-Dividend Date
Oct 22, 2026
Payout Frequency
Payout Ratio
n/a
Dividend Growth
-36.58%
Leave a Reply