Sell Now! 20 Dicey Dividends for 2024

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I don’t want to be the messenger of bearish news to kick off the new year. But, as a card-carrying contrarian, I can’t help it either.

We should sell our dicey dividends now. While the market is high.

The best time to buy was October, when vanilla investors were fearful. We discussed “backing up the truck” to buy anything and everything week after week after week.

CNN’s Fear and Greed Index (FGI) had bottomed out at 16 out of 100, an Extreme Fear reading only seen during stock market panics:

1 Rally and 3 Months Ago: Extreme Fear

Meanwhile the bastion of basic financial thinking, MarketWatch.com,… Read more

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I don’t want to be the messenger of bearish news to kick off the new year. But, as a card-carrying contrarian, I can’t help it either.

We should sell our dicey dividends now. While the market is high.

The best time to buy was October, when vanilla investors were fearful. We discussed “backing up the truck” to buy anything and everything week after week after week.

CNN’s Fear and Greed Index (FGI) had bottomed out at 16 out of 100, an Extreme Fear reading only seen during stock market panics:

1 Rally and 3 Months Ago: Extreme Fear

Meanwhile the bastion of basic financial thinking, MarketWatch.com,… Read more

Read More

As we Americans reemerge from our homes, select “return to normal” dividend payers are poised to deliver big gains. I’m talking about upside of 40% in addition to their 4% to 10% current yields.

But aren’t recovery stocks already expensive? We recently discussed how Americans aren’t exactly sleeping on the American vacation. The Invesco Dynamic Leisure and Entertainment ETF (PEJ), which includes restaurants, hotels, casinos and more, has gone skyward of late—and it’s not alone.

A quick look at some of the best ETFs over the past three months shows where investors believe the reopening money is heading:

Unfortunately for income investors, these industries tend not to pay dividends.… Read more

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Smart income investors know that the best REITs (real estate investment trusts) do just fine as rates rise. That’s been the case historically, and they’re rally again during this rate hike cycle too.

Why? Because elite landlords simply keep raising their rents.  These higher cash flows translate to higher dividends, and higher stock prices, regardless of what the Fed is up to.

For example, almost three years ago I recommended Medical Properties Trust (MPW) to my Contrarian Income Report subscribers. It was paying nearly 8% at the time – discarded to the bargain bin because the first-level types fretted that higher rates would harm its ability to collect rent checks from its hospital operators.… Read more

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