Prepare for the next bear market with these super safe dividend stocks
It’s been a long few months for the market as COVID-19
worries have taken the main stage.
Before things tanked, the stock market, as measured by the
S&P 500, was up 15% just since October. Some sectors of the economy, like
software-as-a-service stocks, were up much more than that. However, those days
are over and many investors are looking for a safe harbor.
Even as the markets make their way back, there are lots of
people who are understandably gunshy.
One way to deal with this uncertainty is to move into safer
dividend stocks. This way, you still have exposure to the stock market as
prices begin to recover.
On the other hand, if the market takes another tumble, these
defensive names should fall much less than the overall market. Regardless of
whatever may come, they’ll kick out a steady income stream that helps buffer
your portfolio from market volatility.
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