Instead of Dividends That Barely Pay, Look At A HYSA Instead

Given the current market conditions, it’s important for investors who prioritize steady income to assess their positions in S&P 500 stocks and consider reallocating towards savings accounts.

With the S&P 500 index up almost 24% in the past year, there’s a strong argument for cashing out gains now and focusing on more stable income streams.

The average dividend yield of an S&P 500 company is currently lower than the interest rates offered by high-yield savings accounts, prompting a potential strategy shift.

For those heavily invested in the S&P 500, maintaining a long-term buy-and-hold strategy may not serve the immediate need for income, especially if market corrections are anticipated.

Read at 24/7 Wall St.