If there is an intervention and someone gives Amazon psychological / subconscious freedom to channel 10 % of its earnings into a cash hoard — that would make
for a very
nice hedge against the possibility that all its delayed profit gets eaten up by a swooping Black Swan.
Global demand
for dividend - paying exchange - traded funds (ETFs) is strong, as evidenced by robust flows of over $ 20 billion in 2016; US - based ETFs accounted
for more than half of that amount.1 The appeal of dividend - paying stocks is clear, as dividends can help provide a
nice offset to rising inflation, while most fixed - coupon debt can not
hedge against rising prices.