Re: Buying stocks with high dividends?
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Why not just buy a few utilities, or utilities ETFs? I think if you plan on holding for only 2 yrs, you want less volatility. Anything in the financial sector would be pretty dumb imo.
BTW: for poor saps like me, in the 10-15% tax bracket, you won't have to pay any taxes on cap gains or dividends from 2008 to 2010. ship it
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If you want an ETF there are several good high yielding ETFs like DVYor SDY or the Wisdom Tree ones that are pretty well diversified although they all have a significant chunk of money in bank stocks. Or, there are bank ETFs and closed end funds that you can buy once most of the carnage is over if you don't feel comfortable buying individual stocks. Personally, I would rather just research and buy a few good bank stocks than a fund, but that's what works for me. YMMV.
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