Get your passive income at a discount
While passive income offers an essential backstop for your portfolio, you shouldn’t overpay for the privilege, which brings us to cheap dividend stocks for smart investors. Perhaps due to the unusual circumstances of the post-pandemic environment, you’ll be surprised at the deals you can grab.
For example, artificial intelligence has become one of the hottest – if not the hottest – ticket on Wall Street. Technology juggernauts like Nvidia (NASDAQ:NVDA) have enjoyed blistering gains, with retail investors continuing to believe that strength will beget strength. Maybe it will for NVDA. However, the smart thing to do right now would be to target high dividend low-cost stocks.
Basically, we’re talking about zigging while everyone else zags. You’re not going to see me trash AI, for example. But I’m also not going to pay a ridiculous multiple for the privilege, not with the present economic challenges. Therefore, I’d rather go the path least traveled.
In this case, that path leads to cheap dividend stocks. Below are some compelling names to consider.
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