Forget the pundits—they totally blew the call on this election. And I sure hope you didn’t take their stock advice, either. Ahead of the vote, one economics professor said the market would drop 7% if Trump won. Another analyst said you should go to cash “if you’re not already there.” I could go on. If you followed that advice, you’ve missed a 2.1% rise in the S&P 500 since Election Day. It’s worse if you were overweight financials, as the sector has been on an absolute tear, with the iShares US Financials ETF (IYF) surging 7.0%. Sad!
Which begs the question: what the heck do you do with your portfolio now? Let me give you an answer: buy more stocks, particularly companies that pay—and better yet grow—their dividends, including these three: Travelers Companies Inc. (TRV), Delta Air Lines, Inc. (DAL) and Brookfield Property Partners LP (BPY). Brookfield, Delta and Travelers Companies are great post-election buys, but even if you buy all three now, it will still be a long time before you’ll be pocketing an 8% yield from your initial investment in any one of them.
Source: InvestorPlace
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- 10 Stocks That Have Paid Dividends Since The 1800s
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