In a crazy market, a solid dividend stock can keep your portfolio sane
We are in the midst of turbulent times to be sure. And it
could be that investing moves that worked previously won’t work any longer. But
that’s nothing new for the markets. Good investors need to be adaptable and
transition to new strategies when necessary. The challenge now is, what is the
new direction? And I’d like to look at financial stocks today.
There’s a split between the economic news and the markets
reaction lately, and it’s hard to tell which one will win out in the end.
Likewise, there are pundits making predictions for both rallies and routs.
In these situations, the smart thing to do is not take
sides, but start to build from the middle. That means good stocks that have
growth potential but will also pay you regardless of the market’s ups and
downs.
I’m no fan of the big banks, with their “creative
accounting” practices. But these other seven financial stocks with dividends to
bank on are rock-solid companies that will deliver in good and bad times. In
Growth Investor, I always recommend a healthy weighting in growth stocks that
also pay a decent yield, to help “smooth out” your portfolio returns long-term.
My picks here are:
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