A relatively low risk alternative, that can better preserve one's own wealth, may be to invest in higher yielding stocks with low dividend payouts.
In a 26-year study by Credit Suisse, from January, 1980, to June, 2006, it was found that higher yielding stocks, which also had low dividend payout ratios, on average provided total annual returns of better than 19%. Studies have also shown that higher yield lower payout stocks are less risky in market downturns than either higher yielding but higher payout stocks or the major indexes.
As the terms suggest, high dividend payout companies use more of their available earnings on their dividends to shareholders, leaving them lower balances for research and development, expansion, or dealing with the business consequences of recessions or increased competition. They are, in general, more likely, then, to find such policies unsustainable and so have to subsequently cut their dividends. Such stocks are particularly vulnerable to losses.