Quote:
Originally Posted by Biggd
The best way to offset that is to own Eversource stock or some other electric utility. They are pretty steady and usually pay a substantial dividend. Everyone needs electricity. It's right up there with food, clothing, and shelter.
They do exceptionally well when interest rates are low, like now.
I've owned Eversource since it was Boston Edison, almost 40 years.
|
Yes, good move.
For others out there: Have you ever heard of a Utility that doesn't generate money year and after year?
Yes, they are regulated, but they they are regulated to make money to keep them in business......