These are certainly the wildest markets I’ve ever seen — I mean, the Dow is regularly swinging 1,000 points!
And it seems as though someone is always asking me, “What do you think of the market today?”
My response is this: “I try not to think of the market in terms of days.”
Maybe it’s a cliche, but it’s how I really feel. Sure, I pay attention to what’s happening every single day … but I never assume that I can figure out the market’s move TOMORROW.
If you want to dabble with some market timing, be my guest … there is certainly plenty of money to be made on both sides with this kind of volatility.
But for your core income portfolio, my suggested strategy is unchanged: Hold your core income stocks AND hedges that cushion the short-term downside.
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Hey, Joseph. Yes, Larry has definitely made some good calls on high-yielding oil and gas shares. Glad to hear you benefited! In terms of high-yielding shares in other sectors and industries, I’m currently recommending some
companies with yields in the kind of range you’re looking for (and beyond!). They run the gamut from pharma to telecom. I’ll be the first person to say that high-yielding stocks carry an above-average level of risk, and are not for the faint of heart.
But the companies I profile in my Dividend Superstars newsletter are the ones I consider to be the best available in the markets today. Some have been making outsized payments for many years!