Whether the markets keep rolling or not, some income stocks are always good to have
Now is a good time to look at dividend stocks to buy and
hold. While there’s no doubt that the market averages were on a roll going in
2018, that incredible momentum slowed a bit when January changed to February.
The tax cuts in late December added a lot of fuel to stocks’ fire, but a market
correction was lurking around the corner.
If the economy expands and the global economy stays in
recovery mode, this could see stock indexes soar once again. Especially when
you look to the big blue chips that dominate the averages.
The big firms are doing business outside the U.S., and the
dollar is weakening as interest rates rise. As Treasury Secretary Steve Mnuchin
observed in Davos recently, a weaker dollar is good for exports and the Trump
administration is in favor of boosting exports.
But for all this good news, a changing market — with the
potential for an inverted yield curve in interest rates, rising inflation and
less consumer strength than anticipated — may bring on a correction.
That’s why now is a good time to buy some solid insurance
while it’s cheap. That’s why I’ve come up with nine impressive dividend stocks
to buy and hold. They have longevity and will weather any near-term storms.
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