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QQQQ's don't pay 7.30%. . .they pay NOTHING!. . .if you are retired (like me), you should be looking for nice safe income stocks. My 2000 shares of EDE pay about $2600 a year (currently taxed at 15%) or around $200 a month. . .a nice little income. I have mostly utilities like Con ed ED, and some oils like Chevron, etc. I have breezed through this recession with an INREASE in income, because ConEd, Chevron, etc. have raised their dividends. . .
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