Charles Sizemore was quoted this week in the Wall Street Journal’s Smart Money:
Surveys show that a growing number of advisers and planners are dealing with market calamities differently than in the past, telling clients they can’t simply “buy and hold” stocks for years anymore and must make regular tweaks to their portfolios when the markets swing wildly. One strategy following this week’s drop: Buy high-quality stocks on the dip, says Charles Sizemore, a financial adviser in Dallas, Texas. In particular, Sizemore recommends scooping up blue chips with a long history of raising dividends. That way, if market volatility continues, “you’re being paid handsomely to wait it out,” he says.
Dividend-payers currently trading at low prices relative to earnings, says Sizemore, include Microsoft (MSFT), Intel (INTC) , Johnson & Johnson (JNJ) and Procter & Gamble (PG). These stocks can be particularly beneficial in the coming months and years if stock price gains are as meager as some economists and market watchers predict.
To read the full article, please see “The Surprising Advice From Advisers.”