Some of the best stocks to buy and hold forever are Dividend Kings.
These are the reputable giants of the market that’ll pay you to hold their stocks. So, not only do you get safety, but you can collect some extra income along the way. Even better, the Kings have a 50+ year history of raising their payouts.
So, what other Kings should you buy and hold forever? Here are three to consider.
Procter & Gamble (PG)
A boring, but very safe dividend stock to buy and hold forever is Procter & Gamble (PG). With a yield of about 2.5%, the company recently announced a quarterly dividend of $0.9407 per share. P&G has been paying a dividend for 133 consecutive years since the company’s incorporation in 1890 and has increased the dividend for 67 consecutive years.
AbbVie (ABBV)
Or, take a look at AbbVie (ABBV), which is actually a Dividend Aristocrat to consider.
I want to show you three sets of entry rules, one for each of the following market cycles.
Market Consolidation
Market consolidation, also known as the accumulation phase, drives most traders crazy. Market consolidation calls for what I call our “Band Bounce Strategy”. Most traders don’t have Bollinger Bands set to 1 standard deviation on their charts. And most traders don’t know about my one-of-a-kind “BB” Band Bounce Strategy.
Whenever you see a choppy sideways market, and you hear other traders complaining about getting whipsawed by one losing trade after another, here’s what you do…
Just like the week which has just passed, this upcoming week starts with a Bank Holiday on Monday. But unlike last week where most Financial Professionals were taking time away from their desks, this upcoming week everybody should be back in full force.
With the Jolts Job number coming out on Wednesday and the ADP Employment Report coming out on Thursday, we might not have to wait until Friday’s NonFarm Payroll (NFP) for excitement
I’m looking forward to having an extra day off. Because unlike many others in the Financial Field, I was at my desk every day last week. Mind you I did have to sneak out for a couple of doctor appointments, but I traded last week. I traded successfully. But part of that because I anticipated the market would not make New All-Time Highs.
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