Several years ago, our client Phil M. asked for our opinion about a municipal bond that he was told by a Florida bond salesman paid 10%.
We pick up about three months after Maggie the Cat left my office at the bank, me shaking my head as she departed, wondering if I would ever get her to diversify her portfolio.
“The best time to plant a tree was 20 years ago. The second best time is now.”
Her name was Margaret, but I called her "Maggie the Cat," a sobriquet picked up from Tennessee Williams' Cat on A Hot Tin Roof.
Years ago, when the S&P stock guide was a 'had-to-have' research source, there were those who would peruse the pages looking for high dividends yields.