Youre an investment advisor and have several well-off older people among your clients. One of these individuals,

Question:

You’re an investment advisor and have several well-off older people among your clients. One of these individuals, Charlie Haverty, steadfastly refuses to invest in companies that pay significant dividends. A successful investment counselor advised him to avoid such in 1965, and he’s stuck to that view ever since. However, he never really did understand the reasoning behind the advice. How would you advise Charlie today? Include an explanation of why the advisor said what he did in 1965, and whether it was better advice then than it is now.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...