Top Dividend Stocks from Steven Romick

First Pacific’s management partner, Steven Romick, has a clear strategy: to beat the market when stocks are falling and underperform by a smaller margin when they are rising. Romick’s main priority is to limit losses rather than maximize returns. This 47 year-old investment adviser earned a degree from Northwestern University in Evanston, Ill. and launched his fund at Crescent Management in Los Angeles. Then, he brought it to First Pacific Advisors in 1996 upon CEO Robert Rodriguez’s invitation.

When it comes to stocks, Romick likes and prefers to bet on dividend shares because they represent a conservative way of investing and, in general, on a long-term basis, they have proved to be a better choice. Investors putting their money in this type of shares will profit not only with the capital gain of the stock but also with the dividends received. Also, they are less risky than other types of shares. Why? Thanks to the dividend payments, the investor is risking less money as the money in the investment is reduced, and, at the same time, there is a possibility to profit with the same capital gain.

Source: Guru Focus

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