NEW YORK—Dividend-paying stocks may be the best option for investors looking for income, said Jason Brady, managing director and portfolio manager of Thornburg’s limited-term income and U.S. government strategies funds, speaking at the annual spring forum of the Financial Planning Association’s New York chapter last week.

“Stocks are like Ponzi schemes unless they’re paying cash—you’ve got to get someone to buy from you at a higher price,” he said.

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