As schools start and summer nears its end, the stock market usually enters a down period. August and September have typically been volatile and often exhibit weak returns. So far, 2023 has not been an exception.
Instead of buying and selling, it makes sense to hold on to quality stocks with solid long-term prospects. To quote Charlie Munger, “It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.”
If we follow Mr. Munger’s advice, it makes sense to seek out mispriced equities or add to existing positions for the long term. Here are four of our favorite Dividend Contenders in August 2023.
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