- Reduce position and take profits off the table first before re-entering for higher yield .
- Average down while collecting dividends.
Recently, people have been blogging about dividend income and I thought I should air my opinion about it as well! I have begun my dividend income investing for about a year now and have been really happy with it. My portfolio yields at 8% and I must say I’m very satisfied with what I have.
Every now and then, I stop to think. Should I increase my position or wait for a major correction before I take action? Afterall, the bull run has been going on for awhile now. I thought about the scenarios that I would take in the event of a crash.
What I would do in a crash: