Thanks for watching, here are some follow-up videos: Retirement Tax Planning | $0 Tax on $109,250 Income!? kzread.info/dash/bejne/h3pquLGCgrvNibg.html Factor Investing Explained [Small Cap Value Tilt?] kzread.info/dash/bejne/ZK2C06Rpn5fWaJM.html Asset Allocation Explained [Modern Portfolio Theory] kzread.info/dash/bejne/g4ib2LmJcczOecY.html

@Randy-lf2dp

Жыл бұрын

Wait a little bit the markets gonna come down even lower then you buy SHD not now

Best explanation for SCHD among so many other " all in SCHD" youtuber, thanks.

@nickdoyle-achievefinancial2464

Жыл бұрын

Thanks, glad you found it useful!

I invest in dividend stocks and SCHD for the following reasons: -Psychological benefit: I think of my portfolio as one I'll never sell. So whatever the dividends spit out, that's what I get. I prefer this to always having to sell shares to get capital. -Value outperforms: Over the long term value outperforms growth, even though that hasn't been the case in the recent decade. Dividend stocks & SCHD have a value tilt that I prefer. -Growth still seems overvalued: The S&P 500 is extremely heavy on the big tech growth stocks, which I still think are overvalued and will underperform value in the long run (maybe not the short run though). -Quality factor: Dividend stocks I invest in are quality companies, and SCHD has quality screens that are great.

@nickdoyle-achievefinancial2464

Жыл бұрын

Those are all good reasons Jamison, thanks for sharing! I agree that growth seems overvalued, but prefer to let the market allocate my capital and "buy the whole haystack." Both approaches will likely be successful 😀

I like listening to contradictory points of view, but I disagree with the points raised. 1. Diversification. Once you're holding over 100 companies diversification becomes a moot point for all practical purposes. I would argue SCHD actually offers better diversification since no single company can exceed 4% of the index, while in something like VTI the top 2 companies represent 11.5%, despite holding 3895 stocks on paper. Some ETFs are even worse in that regard, for example in QQQ the top 2 holdings represent 25% of the index. SCHD is also quite diversified sectors wise. 2. As far as getting dividends vs selling stocks, if you're talking about a 10 year bull run, then it's true, only the total return should matter and one is no better than the other, if anything, you pay a little extra in taxes by collecting dividends. But if the market is not doing so great, and the next 10 years are all sideways, or even in decline, then SCHD provides some guaranteed cash flow. I would equate it to owning a rental property that keeps on paying, regardless of what the housing market is doing. Just imagine you're retired and 75 years old and the stock market is down 40% and you're compelled to sell your non-dividend stocks at a loss just to get by, that's reality for many people. With dividend holdings you can just shrug it off and rely on the stream of cash coming in. SCHD does a much better job of decoupling you from the market conditions. Dividends can be cut, sure, but generally not across the whole index, and certainly aren't as volatile as the stock prices. 3. Forced sale. This one is often mentioned and suggests that the dividend is somehow equivalent to being forced to sell your shares when you don't want to, the argument being that the stock price goes down after the payout. That's not really true either since the number of shares you own never changes, and the stock price always recovers. All in all, if you're making 500k a year and don't need the cash flow, and are sure that you have the job security to be alright no matter what the market is doing in the future, even if it goes down by 70%, by all means, don't own any dividend stocks. If, however, you like to have the security of an almost guaranteed stable cash flow as an insurance policy against bad times, then dividend stocks aren't such a terrible idea.

@nickdoyle-achievefinancial2464

Жыл бұрын

1. I don't think the point is moot when you concentrate your investments to companies that choose to prioritize paying dividends from profits. I'd like to also hold companies that reinvest to further growth the business. 2. There isn't anything magical about a company that chooses to pay profits to shareholders as dividends. All companies are priced by the market based on forecasted cashflows. Companies that don't pay dividends can still generate profit for shareholders in down markets. A company buying back shares would pay the same profits in another way, which is more advantageous from a tax perspective. They could also use it reinvest in the company and take advantage of more favorable market conditions (buying real estate or other companies at a discount, etc). 3. The number of shares owned is irrelevant. The amount of money invested & amount of profit delivered is all that matters. 1 share of BRK.A (Berkshire) generates more profit each year than 20,000 shares of T (AT&T). I agree dividend stocks aren't terrible, but there isn't something that makes them more special than companies that reinvest profits or buyback shares. I currently pay 23.8% tax on qualified dividends, but 0% tax when a company reinvests or buys back shares. I still own the market weight in dividend companies (portfolio is ~VTI & VXUS)

@dexagalapagos

Жыл бұрын

@@nickdoyle-achievefinancial2464 I don't really agree with the "number of shares" doesn't matter argument. In a bull market it doesn't matter, but in a bear market it certainly matters a lot. Imagine you're retired and have to live off your portfolio and you need to make $75k a year just to get by. Now imagine it's 2007 and for the next several years the market will be in a major decline. You still have to make that cash, so you have to sell off your portfolio in the worst possible market just to live. That absolutely negatively impacts your bottom line in the long term. If you were a dividend investor you could just use the dividend cash flow to buffer you through the hard times and retain all (or most) of your actual shares for when the market goes up again. P.S. I'm not talking about the number or shares mattering in the sense that yes, 1 share that's $1000 is the same thing as 10 shares that are $100 each, I'm talking about them mattering in the sense that you don't want to be selling off your actual equity in a down market, that's definitely not the same thing as receiving a flow of dividends.

@nickdoyle-achievefinancial2464

Жыл бұрын

@@dexagalapagos Here is a portfolio visualizer from 2007-2011, starting with $1,000,000 in 2007 & withdrawing $15,000 every 3 months ($60k / year). It compares a total market portfolio (60% VTI / 40% BND) to a dividend portfolio (60% VYM / 40% BND). In this case the total market portfolio actually did slightly better. If dividends are so helpful in a downturn, why didn't that show up in this example? www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2007&firstMonth=1&endYear=2011&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=15000&inflationAdjusted=true&annualPercentage=0.0&frequency=3&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Total+Market&portfolioName2=Dividend&portfolioName3=Portfolio+3&symbol1=VTI&allocation1_1=60&symbol2=VYM&allocation2_2=60&symbol3=VBMFX&allocation3_1=40&allocation3_2=40

@dexagalapagos

Жыл бұрын

@@nickdoyle-achievefinancial2464 Sorry I just now saw this reply. That's an excellent observation, and the hypothetical period I provided was just wrong at illustrating the point I was making. We need a longer flat market than the few year dip we had. If stocks stay flat for a decade, then the difference would probably become more relevant.

Very good Nick. It is like a forced sale. Too many people think it is like interest from a bank account.

@nickdoyle-achievefinancial2464

Жыл бұрын

+1 I like having more control of when I realize profits from my investments!

I am close to $1m in my dividend portfolio already, i started investing with $300,000 worth of digital asset under management, and i am not stopping now. thanks to Lanngel Mark the right Financial manager I work with, who handles my portfolio. he is the best.💯❤✅

@jessicaknoll4700

Жыл бұрын

Amazing! I’ve got $50K to invest & start up in stocks, but I want to ensure profits. did a quick research on Lanngel Mark out of curiosity and found his website.will surely make consultations.

@arianne9093

Жыл бұрын

Wow! My Husband & I works with Lanngel Mark too. He also handles our combine $90K portfolio !

@Jim-ku9tr

Жыл бұрын

Lanngel mark has been the key factor in the buildup of my dividend growth portfolio. I am learning more and pushing more to buy assets, with one goal of steady dividend income.

@nickdoyle-achievefinancial2464

Жыл бұрын

Congrats, hope it works out well for you :)

@polynesianusa5437

11 ай бұрын

@@nickdoyle-achievefinancial2464 It's a scam

You are correct its mostly for psychological benefit. I invested $900K and at times I was down $180K. I didn't sell and made some profit when market came back up in January but it is bad for your healthy when your portfolio goes down by close to 200K.. With SCHD you sleep like a baby and on average can make around 8% a year. You are more likely to keep investing as oppose to scenario # 1 you might get discouraged and never come back to the market again.

@nickdoyle-achievefinancial2464

Жыл бұрын

Our portfolio was similar. It dropped by more than our contributions, even though we invested over 60% of our income. It was definitely a little difficult to stay the course. SCHD did quite well last year comparably. I'm not sure it will always do so well in a down market. That's good you found a plan that works for you and provides more comfort to keep investing. That's one of the most important parts of investing 😀

SCHD in my Roth IRA have set me up nicely for the future.

@nickdoyle-achievefinancial2464

Жыл бұрын

Good work 😀 I love the Roth accounts!

Hey Nick, I just discovered your channel. I'm really enjoying your content!

@nickdoyle-achievefinancial2464

Жыл бұрын

Thanks Keith, glad you are enjoying it :)

Although I own APPL, MSFT and a few other stocks, the bulk of my portfolio is in dividend paying ETF’s. I’m retired now and I am generating a little over $75,000 a year in dividends. I’m a happy camper.😊

@nickdoyle-achievefinancial2464

8 ай бұрын

Congrats, sounds like a success!

Dividend funds in IRA funds provide lot of flexibility and the reinvest option gives the automatic price averaging. Schd and vig have also grown well in value. Owning broad growth stocks in taxable accounts is better to avoid taxes. Good points.

@nickdoyle-achievefinancial2464

Жыл бұрын

Good points, especially growth stocks in taxable! :)

the biggest reason i like dividend stocks and etfs is i can understand them. I know what im getting and im not betting on infinite growth. Would i like to be there at the ground level for an AI stock? yes am i willing to put something into ai and hope for the best? yes but i aint holding my breath coca cola on the other hand, has been making steady increasing dividends for 60 years. unless society as a whole collapses, i doubt coca cola is going anywhere.

@nickdoyle-achievefinancial2464

6 ай бұрын

Good points! Glad you found something you are comfortable with :).

With a fund like Schd and schy it is easier to hold in the long term. It is less volatile than the whole market and gives similar returns. Someone can stay 100% invested in Schd and schy and live off the dividends while getting a much greater return than someone with 40% bonds taking out 4%. The end results wouldn’t be close. Growth stocks have significantly outperformed value stocks recently yet Schd has kept right up with them. That bodes well for Schd when value stocks start outperforming again. Everyone has different strategies and must do what keeps them in the game. Anyways I appreciate your insights.

@nickdoyle-achievefinancial2464

Жыл бұрын

I think it depends, SCHD has done well in the ~10 year history. Time will tell if that continues relative to a balanced portfolio (say 70% total stock market, 30% bonds). It's a good fund for what it is.

@bentobox7788

11 ай бұрын

@@nickdoyle-achievefinancial2464 The "time will tell" argument can be made against any investment and any history. e.g. VOO has outperformed ABC in X years but time will tell if that will continue. As for SCHD, I have no idea if its outperformance will persist for the next 10 years. Maybe 50/50 chance. That's good enough for many investors especially if the volatility remains lower.

Excellent points. I highly favor dividend investing over growth, especially in recessions, but you have convinced me to take a second look at my methods. I especially appreciate the pace and style of your approach. Thank you for sharing! *Sunscribed*

@nickdoyle-achievefinancial2464

Жыл бұрын

Thanks, I'm glad you found the video useful!

I think you're right. But I think you don't need to stay away from dividend-paying company or stock intentionally. Buying dividend paying stocks only would be wrong.

@nickdoyle-achievefinancial2464

Жыл бұрын

I agree, I don't stay away from them. I just invest in the total market indices (US & ex-US) 😀

Agree vti is best for most. However,Psychologically speaking, it’s easier to just collect a dividend than it is to sell shares

@nickdoyle-achievefinancial2464

11 ай бұрын

Good point, for some dividend focus may make sense due to psychology :)

All growth stocks are eventually a bubble, especially the tech companies or tech e-commerce dependant stocks like amazon, chiptole, mercado libre. The shareprice increase is basicly a product being bought by multiple people the more its bought the less of it is there making the price go up. Thats why tesla had to go trough reverse split in 2020 otherwise people would stop buying because of the price becoming unaffordable for majority. Such companies rely on shareholders because they have no value on itself rather then just having shareholders willing to pay for their imaginery product or a product which can vary in value depending on the mood of the buyers. Their costumers are not people buying the cars, but shareholders which keep buying the shares in the hope to making profit. Its same is bitcoin. Thats why biggest return is always physical assets, like REITS 9%, GOLD 7,7%.

It's so easy to borrow against your equities nowadays and that requires no sale at all and thus no tax implications, though obv you have to pay the margin borrowing rate.

@nickdoyle-achievefinancial2464

Жыл бұрын

Good point, that's another option for accessing cash.

In a tax deferred account, a dividend strategy (done right) is almost impossible to beat. This assumes you are reinvesting dividends, adjusting your portfolio for dividend growth and opportunistically capturing dividends. Even outside tax deferred accounts, dividends make more sense if played right (It is a long game not a short game). In the long game, at some point down the road your dividends relative to "cost basis" will look ridiculous large and at that point you start compounding at very high growth rates (relative to basis).

@nickdoyle-achievefinancial2464

Жыл бұрын

Hi Rahul, I think this is true for both dividend growth investing & total market index investing 😀

@charlielipthratt7291

Жыл бұрын

​@@nickdoyle-achievefinancial2464 Not having to sell shares from a growth portfolio during an extended downturn is a big factor for me. The majority of my dividends will be in a Roth, so a "free" income stream is appealing for tax purposes. The brokerage account will be more growth oriented and available to sell if needed for things outside my budget.

I think this is a bit of purist mindset... Dividends are a very low maintenance way to create income. I also believe that a bird in the hand is worth 2 in the bush, thus money paid in dividends is of a higher value (in hand), and theoretical money in stocks. I am not against growth stocks, I think they have their place, but they require more attention and timing, making them less of a passive income, and more of an active income (not like working full time or anything, but certainly more work than dividend stocks. If you are trying to push your loved ones away from dividend stocks, you may be causing them a world of stress and pain they could easily avoid...

@nickdoyle-achievefinancial2464

11 ай бұрын

Hi Chris, There's nothing complex or high maintenance about taking a quarterly or yearly distribution from accounts in proportion with your asset allocation & investment policy statement. No timing or special attention needed, just picking date(s) in an investment policy statement & sticking to it. It would take approximately 10-30 minutes to calculate which funds to sell, in which accounts, to stay at desired asset allocation & place the trades. Part of this activity (rebalancing) should generally be done yearly anyways.

I love SCHD for my IRAs. I like the idea of getting passive income without the need to sell any shares.

@nickdoyle-achievefinancial2464

Жыл бұрын

It's a good fund, and IRAs help avoid potential tax drag :)

Do you have to pay taxes on dividends even if you reinvest them?

@Newsjunkie797

Жыл бұрын

Yes you have to pay taxes even if you reinvest. Unless you are making 89,000 or less as married couple you don't have to pay taxes on qualified dividends

@nickdoyle-achievefinancial2464

Жыл бұрын

+1 to what newsjunkie said for US investors.

I have been living off dividends for the last 3 years. I've never had to sell a stock and my portfolio keeps getting bigger. But to each there own

@nickdoyle-achievefinancial2464

Жыл бұрын

That's great to hear David. That's good you've found a strategy that works for you 😀 There are many ways we can all achieve the same goal.

Why did SCHD add Ford in the latest reconstitution? Ford suspended dividend for 6 quarters, 2020-2021. It does not meet their fund screening. I have emailed the fund managers and waiting for an answer. Also ABBV was a terrible choice to add. Losing patent on the drug that provides 37% of their revenue.

@nickdoyle-achievefinancial2464

Жыл бұрын

That's a good question Tom. It looks like Ford at least paid a dividend annually (1/29/20 & 11/18/21). Also, it appears they paid a special dividend 2/10 that may have helped make up for it and show some earnings growth.

@tomsettles6873

Жыл бұрын

@@nickdoyle-achievefinancial2464 They went from 60 - 85 cents annually 2016-2019 to 10 cent sand 15 cents in 2020-2021. They should not be included in a screened ETF with rules that SCHD has. A fund manager manually overrode the screening to add them. Why? probably ESG. They must be drinking Bud Light.

@nickdoyle-achievefinancial2464

Жыл бұрын

@@tomsettles6873 Agree it seems suspect. I do see Ford has paid 0.8 dividends in February, so maybe that has something to do with it too?

@tomsettles6873

Жыл бұрын

@@nickdoyle-achievefinancial2464 I have been conversing with fund managers and they admit that they're not following the "5 year dividend growth" screening for Ford and a couple other stocks, but blame it on the index they're following. Huh? I thought Schwab created the index. This ETF has done well the last 8 years, but so has EVERYTHING except bonds. I'm going to decrease my holdings in SCHD and find a couple other div etfs that follow their screening rules better.

@nickdoyle-achievefinancial2464

Жыл бұрын

@@tomsettles6873 Yea, SCHD tracks the dow jones u.s. dividend 100 index from S&P global. You could try contacting them too.

I am in the 12% US federal tax bracket so I pay $0 on my qualified dividends and long term capital gains. But my state taxes long term capital gains at a maximum rate of 5.75%

@nickdoyle-achievefinancial2464

Жыл бұрын

Hi Martin, paying 0% federal tax on dividends must be nice :)

@martinguldner3990

Жыл бұрын

@@nickdoyle-achievefinancial2464 yes paying zero tax on qualified dividends is great. Although some of my investments in the taxable brokerage account are not qualified dividends such as some ETFs that do covered calls on Market indexes and WTI futures.

@nickdoyle-achievefinancial2464

Жыл бұрын

@@martinguldner3990 At lest you're only in 12% tax bracket for those. Hopefully you can stay in that bracket :)

It's the psychological benefit of dividend investing. And takes don't exist within my Roth.

@nickdoyle-achievefinancial2464

Жыл бұрын

Thanks for sharing Frank. I can understand that and Roth is a great account for this fund :)

Wow, I learn a lot. Dividend payment is like a force sale, it never occurred to me. Investing growth and choosing when to take profit sounds like a better way.

@nickdoyle-achievefinancial2464

10 ай бұрын

Thanks Warren, I'm glad you found it useful!

What about in an HSA?

@nickdoyle-achievefinancial2464

Жыл бұрын

I invest in equities in my HSA. I have it at Fidelity, so 60% FTSAX & 40% FTIHX.

@someparts

Жыл бұрын

@@nickdoyle-achievefinancial2464 Do you mean VTSAX? I don't like the looks of FTSAX...high fees. I have Fidelity as well...only because Vanguard has their head in the sand on HSA, as in they don't have one.

30 % dividend/ income tax is way too much. It is 1/3 of what I receive. I am not a US citizen and have nothing to do with the US. I don't see why I should pay so much tax to the US government.

@nickdoyle-achievefinancial2464

10 ай бұрын

I don't see why any of us should pay so much! It doesn't make a lot of since for you, since the companies you own are already paying the taxes on their income.

I like SCHD for instance because if we ever have a lost decade, I will at least make close to 50%. Another reason is because I was once defrauded in a private investment and I at least received 77% through dividends. No, SCHD is not a fraud lol, but it makes me feel better.

@nickdoyle-achievefinancial2464

11 ай бұрын

Dividends definitely help a lot of people feel better. It's a good reason to own some dividend funds :)

@yannik9341

11 ай бұрын

@@nickdoyle-achievefinancial2464 it's more than just feeling better. You at least double your money every 20 years if the value remains above your cost basis. 72 ÷ 3.5 = 20.

Yes, but dividends can get you through bear markets without having to sell your stocks at a loss. They provide an income without losing money in bad stock market years.

@nickdoyle-achievefinancial2464

11 ай бұрын

I think this is more mental accounting. It's possible some dividend funds share prices drop less in a down market, but I don't think it's due to being dividend funds. In a portfolio with some bonds, rebalancing from bonds to stocks in a down market may make you a net buyer of stocks instead of seller.

Ok no dividend, but when sell?…

@nickdoyle-achievefinancial2464

11 ай бұрын

I would sell per my plan to draw down my portfolio in retirement, probably once every quarter.

Paying taxes is not a reason NOT to dividend invest. I look at it this way. Taxes are part of life. I pay taxing on dividends but the dividends are like free money. Let's say I make 10 and pay taxes of 3-4 on dividends. that's still 6-7 in my pocket. that's my math. stay safe.

@nickdoyle-achievefinancial2464

Жыл бұрын

If you make 10 investing in a stock, but the company buys back shares, you still earn 10 and can take the earnings (by selling shares) and pay taxes whenever you want. If it pays a dividend, you have no choice when you pay that tax. Surely taxes are part of life, but we can take some control over when we pay them, how we pay them, & plan minimize them.

@miggy858

Жыл бұрын

I love Schd and have a good size holding of it. It dividends are just a redistribution of the fund price. If you get $1 the price of the fund goes down by a dollar. Traditionally well established companies are the ones that offer income and become more favorable for “dividend investors.” But make no mistake it’s just a redistribution of funds.

Most people who are against dividend investing are young enough never to have lived through an extended downturn.

@nickdoyle-achievefinancial2464

Жыл бұрын

Are you suggesting companies which pay dividends with their profits are somehow stronger than those that use profits to reinvest in the business or buy-back shares during extended downturns? I don't understand how a company would somehow perform better in a downturn because it chooses to pay dividends with profits. Is there a different angle you see?

@chrisp3913

Жыл бұрын

@@nickdoyle-achievefinancial2464 it has less to how well a company performs during a downturn, while that is important. It has to do with individual cash needs. If I need 4% cash to live off of and the stocks drops 20%, I have to sell at that price reduction vs taking the div cash. When the market rebounds, I will have 4% less in which to rebound vs. 100% if i obtained my daily living from dividends.

@nickdoyle-achievefinancial2464

Жыл бұрын

@@chrisp3913 Here is a comparison of two 60% stock 40% bond portfolios, one that uses a total stock market fund and one that uses a dividend stock fund. It compares from 2007 - 2011, starting with $1,000,000 and withdrawing $15,000 every 3 months. It doesn't look like dividends made a difference here. In fact, the total market portfolio performed slightly better. Why isn't the benefit you're talking about showing up in this example? www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2007&firstMonth=1&endYear=2011&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=15000&inflationAdjusted=true&annualPercentage=0.0&frequency=3&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Total+Market&portfolioName2=Dividend&portfolioName3=Portfolio+3&symbol1=VTI&allocation1_1=60&symbol2=VYM&allocation2_2=60&symbol3=VBMFX&allocation3_1=40&allocation3_2=40

@chrisp3913

Жыл бұрын

@@nickdoyle-achievefinancial2464 so. Your historical range is limited by your Bond origination date. I own both VTI and VYM. But why don’t you add DUK 100% in a 3rd portfolio and you will see no negative return plus I keep all of my shares and I have a positive return. Now, I suspect you are a youngster and have no knowledge of the ‘lost decade’. an extended sideways market will devastate your share count because you eating up share count to pay yourself.

@charlielipthratt7291

Жыл бұрын

​@@nickdoyle-achievefinancial2464 I think this example is using the bond fund similar to dividends stocks, right? But it wouldn't fare as well when stocks and bonds both go down. If you're retired during 2000 - 2010 and not putting more money in during that "lost" decade, that hurt a lot of people's wealth. You would have to sell a number of shares. And if your bond portion went down too, a double hit. I was fortunate enough to be working through that decade. But it shaped how I've planned for my retirement.

This guy talks way too slow. Tip. Change the KZread playback speed to 1.5

@nickdoyle-achievefinancial2464

Жыл бұрын

Good tip :)

@MichaelDLC

Жыл бұрын

I like your speed actually. You have a lot of information that other finance youtubers miss. Great channel, I've been following for a few months now. I'm glad its growing!

Your argument is flawed …, good luck thou

@nickdoyle-achievefinancial2464

Жыл бұрын

How is it flawed? I'm interested to hear.

Go into cash democrats will crush the market

@nickdoyle-achievefinancial2464

Жыл бұрын

The dollar probably wouldn't much better. I'll take my chances in stocks :)