ben stein
&
phil demuth

 

Yes, You Can Be a Successful Income Investor!

Updates & Errata

Buy it Now!

 

1) The table on p. 59 is listed in alphabetical order, not in order of descending credit quality.

2) In Table 7.11, p. 112, it reports that Allete (ALE), a Duluth, MN-based power company, has a stock yielding more than 10%. This erroneous information was due to a 3 for 1 reverse stock split with Adessa (KAR), that was a result of the parent company (ALE) spinning off the auto auction on 9/2004. The 10% figure was widely misreported at the time. The dividend is now reduced to something closer to the historical level of roughly 4%.

3) Pp. 89 & 207: The Alternative Minimum Tax excludes qualifying dividends taxed at the 15% tax rate.

4) P. 102: Table 7.2 is on page 92.

5) P. 196: Table 5.4 is on page 48. The ticker for Vanguard's inflation-protected bond fund is VIPSX.

6) P. 204: Another option for aggressive dividend investors is to buy an (unleveraged) fund that sells options on its stock shares.