Quote:
Originally posted by G Sharp
Look into really big, established, profitable companies that pay dividends. Try MO [Philip Morris aka Altria - div payout is around 2.70] RJR [RJ Reynolds Nabisco - div payout is over $3 ] or GM [General Motors div payout is $2 ]
You can also try investing in insurance companies and reinsurers.
I used to trade in tech stocks before the Dot Bust, now I just follow Warren Buffett's advice--pick a solid company and HOLD for a long time.
Good luck!
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GM was hit with a "sell" today by a major analyst. I like this strategy but only if you think we are in a longer term sideways market, as if the market is at/near bottom - it is not the dividend stocks that make major runs (in general) if the market is soon to move up again. But, I will gladly take the income/dividends while waiting out a new bull market.