Do your homework, pick your stocks, reinvest the dividends, and wait.That's the yawn-inducing advice of market pros who recommend a long-term investment strategy focused on high quality, dividend-paying blue chips.
When the market was surging from last year until quite recently, Elvis Picardo, an analyst and strategist at Global Securities in Vancouver said, investors favored so-called "high beta" stocks, or those that rise the most when the market is rocketing upward. "Now that things have turned, you might see a renewed appetite for some of these defensive names," Picardo said.
Source: Reuters
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