8. Synthetic Annuities for High-Yielding Stocks
If you are a CNBC Mad Money home gamer, you are probably familiar with some of Jim Cramer’s expressions:’ “Wait for a pullback,” “Schnitzel a little,” “Get paid to wait,” and “Take advantage of accidental high yielders.”
With a SynA, you can do all of these at once.
Getting Paid to Wait: International Paper
Monday September 19, 2011. Today on Mad Money, Jim Cramer recommended International Paper (IP). He said that buying a little now is a good idea. The company pays a dividend, and at the current price of $27.22, the yield is 3.8%. International Paper is a paper and packaging company that has performed well in spite of its cyclical business. If the stock price does fall, the yield goes up, and you ...