I was talking with a friend the other day and he asked me a very interesting question: what is the best investment that I can make TODAY? I’m not going to explain the whole context around this discussion but I wanted to mention these thoughts on this blog. Let’s say you have a specific amount (for this article, let’s put it at $10,000) that you can use to make more money. You don’t need this money for a while and are looking for the best investment possible. What would you do?
Dividend Stocks: You can bet that I’ll tell you that dividend stocks are a very interesting place to put your money in. In all honesty, I think that dividend stocks could be one of your best investments at the moment. The current stock market is trading under its historic P/E ratio average and dividend stocks are sought after by bonds and CD investors. Since the interest rates are very poor, these investors are ready to accept more risk in exchange for a bigger yield. Since there is an obvious interest toward dividends, I think you can’t really go wrong with this choice. For the record, I do have a preference for Canadian Dividend Stocks at the moment (since US stocks have been surging for the past 4 years).
Source: Guru Focus
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Which Canadian dividend stocks do have a preference for?