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Each category of mutual fund has a different risk vs return profile. For example, equity mutual fund provides a higher return than debt mutual fund but the risk is also high. Risk is in terms of volatile returns.
A dividend stock will usually make a cash payment into your brokerage account every 3 months. Works well as you can take the cash from a dividend payment and use it to buy more dividend stocks.
A dividend yield is how much money you make yearly compared to the share price (see image): If you paid $60/share and get $1.8 in dividends/year you have a 3% yield.
Usually, yields should be better than interests on savings, but as opposed to a bank account, the value of the stock could go down.
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