With the stock market’s wild swings and worries of recession still looming large for 2024, I understand why so many investors have turned ultra-cautious and may only consider the safest, most rock-solid stocks.
So, what’s an investor seeking capital appreciation while looking to minimize risk to do? I think it’s better to split the difference. Keep building those cash reserves and indulge your bargain-hunting instincts in this discounted market, but balance it out with a portfolio anchored by sturdy, dividend-paying stocks you can sleep soundly holding for years.
So, if you value capital preservation but also want to secure single-digit returns and build a cash cushion, these three ultra-safe picks deserve your attention.
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