Stocks That Pay You.. And A Sector Loving The Mess
Continuing on from my last post about how to stay both protected and profitable throughout the current messy market, remember this: Volatile times call for income-producing measures.
If you’re worried that the stock market is going to eat into your portfolio, one thing you can do to offset any losses is to make sure that you’re well-diversified not just in different sectors and different global regions, but also in companies that can afford to dish out a healthy dividend.
Be warned, though: Not all dividend-yielders are created equal. Make sure you check the balance sheet to make sure the company has enough cash to pay out dividends – and is generating enough income to sustain it.
Another investment to consider…
Gold: It seems obvious, I know. But sometimes, when that’s the case, you shouldn’t ignore it. When oil prices rise, so too do gold prices. That’s the historical trend, anyway, as investors scramble for any safe haven investment they can get their hands on.
It doesn’t hurt that the Federal Reserve is in the middle of an interest rate-cutting scheme that puts even more pressure on an already depressed dollar. And as the old adage goes: When the dollar goes down, gold goes up.
And gold bugs are loving life right now. The metal is thriving under the pressure and is seemingly on its way to $1,000 per ounce. Gold should become even more attractive if the Fed’s rate-cutting tactic fuels inflation.
If you want simple, no-fuss exposure to the gold market, take a look at the sector’s main ETF players:
streetTracks Gold Shares ETF (NYSE: GLD): This is the main proxy for gold prices and has jumped 39% since the middle of 2007.
Market Vectors Gold ETF (AMEX: GDX): This ETF sways more to the gold mining side, with its price tracking the performance of the AMEX Gold Miners Index and investing purely in the securities within it. Since the middle of 2007, it has surged 33%.
Martin
Sunday, February 24, 2008 — by Martin Denholm, Managing Editor, Mt. Vernon Research
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