We are now entering an era of high growth, higher inflation, higher yields and higher interest rates.
As a retiree it is that higher and growing yield that I am always after. I loved this correction as it allowed me to purchase some beaten down bond proxy/dividend yielding growth stocks.
Lots of dividend paying growth stocks are yielding higher payouts and will be used to fund my retirement in the coming years. This has been a once in a decade stock market correction that you can buy on the dip.
Look at a company like CU.TO it has paid a dividend for the last 40 years. I bought more Friday and now own 200 shares.
Utilities, REITs, Telcos and Energy Infrastructure plays have all been on sale for the past week. I also added to my six big bank holdings. I use this list from the;
Dogs of the TSE
ENB, EMA, PWF/POW, BCE, CM, T, SJR.B, TRP, BNS, NA
Average Yield = 4.43%
Dogs of the Dow
VZ, IBM, PFE, XOM, CVX, MRK, KO, CSCO, PG, JNJ
Average Yield = 3.43%
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