As part of the Next Invest conference, Covestor’s Mike Tarsala spoke with Pat O’Hare at Briefing.com about the outlook for the U.S. economy, stock market and dividend-paying stocks.
O'Hare believes the economic climate will remain challenging in the months ahead, thanks to the sequestration in the U.S., noting that fiscal austerity resulted in higher unemployment in Europe. At the same time, companies aren’t going to invest without more clarity on budget matters and better demand, he says.
In this environment, O’Hare advises investors to practice dollar-cost averaging and focus on dividend-paying stocks. Stick with players like AT&T (T), McDonald’s (MCD) and Clorox (CLX) that have a strong track record on dividend payouts, he says. ”They will provide an income generating source that will be there over time,” according to O’Hare.
The investments discussed are held in client accounts as of February 28, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.The post Briefing.com's O'Hare: Stick with Dividend Aristocrats appeared first on Smarter Investing.
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