If you have been thinking about investing, but are a little gun shy given the past few months, I have put together a short list of three stocks you can invest in that will enable you to sleep at night.
These companies are all large in size, and able to withstand a big market decline. You won’t get the same growth that you can realize from investing in a high-flying growth stock. But you will get steady income in the form of a dividend.
So, here we go:
- Verizon (NYSE: VZ) – One of the largest telecommunications companies in the world with a market cap of $239 billion, Verizon is as steady as any business can be. They have great customer loyalty, and their cash flow is on par with – if not stronger than – cable companies. They boast the most reliable service, and their subscribers number 151.8 million – more than any other company. Verizon is investing heavily in the rollout of 5G, which is expected to be the next big thing in telecommunications. Verizon pays a dividend of 4.15%.
- Home Depot (NYSE: HD) – Home Depot is the largest home improvement company in the United States, with a market cap over $200 billion. Over the past three decades, Home Depot has been one of the best investments in history. Unlike Macys, Bed Bath & Beyond, and Sears, Home Depot has demonstrated itself to be “Amazon-proof”. It is one of the best run retailers in the business.
- Alphabet (NASDAQ: GOOGL)– Alphabet is the parent company of Google, which is one of the top three most valuable companies on earth. Google’s business is rock-solid; they generate an obscene amount of cash. Google owns 44% of the global advertising market which is $88 billion. They one of the leaders in autonomous driving. Their life science research organization, Verily, cites a mission to “make the world’s health data useful so that people enjoy healthier lives.”
Over the next five to ten years, any one of these investments should outperform the market and would be great additions to a risk-averse investor’s.
Disclaimer/Disclosure Statement: Information in this article is not intended to be a recommendation to invest in any stock. Rather, it is presented for readers’ education and consideration when making their own investment decisions. The author has no position in any of the stocks mentioned in the article.
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