Retirement Weekly: Retirees should not go to the dogs

Retirees seeking high-dividend stocks should remember what happened to General Electric

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 last year.

The stock’s yield at the beginning of 2018 was high enough—at 2.75%—to qualify in some stock screens as a high-yielding stock. GE was a member of the famous Dogs of the Dow strategy, for example, which calls for investing each New Year’s in the 10 highest yielding stocks within the Dow Jones Industrial Average

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A funny thing happened on the way to the bank, however: GE’s stock fell by more than 55% in 2018. But for two other stocks, GE was the worst performer of the year of any within the SP

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Mark Hulbert has been tracking the advice of more than 160 financial newsletters since 1980.

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