best stocks right now
If you haven't already gotten choosy when picking your portfolio's sources of income, it's time - and here are five dividend stocks to buy now to help you.
You see, many of the most popular dividend-paying stocks have become pricey amid the markets' year-to-date rallies and the insatiable hunt for yield.
For example, The Coca-Cola Company (NYSE: KO) sports a juicy yield of just under 3%, but looks expensive with a P/E of 22. And The Procter & Gamble Co. (NYSE: PG) boasts an appealing 3.12% yield, yet shares trade at a lofty 20 times earnings.
Even with the 10-year Treasury yield approaching 3%, dividend investing is still the best approach.
Stocks to Buy Now: Profit from this Looming Flood of Money
As we've pointed out to Money Morning members, knowing the best stocks to buy now can give you a huge advantage when markets sell off and stocks are basically on sale.
That's why we've been watching out for the sectors of the market that will have a bright future regardless of the recent market gyrations.
Although it seems somewhat counter intuitive one such space would be the asset management sector. Asset managers and brokers may see some short-term weakness in a falling market but the long-term outlook is strong.
You see, over the past few decades there has been a transfer of retirement risks from corporations to individuals. This has left individual investors responsible for investing assets to fund their needs.
It has also created a huge market for asset managers.
Social and demographic trends are very positive for asset management firms. Assets have flown into investment products in the past several years, and the amount of assets under management at the end of May surpassed the previous high levels of 2007.
One huge reason for the flow of money: Baby boomers are hitting retirement.
Over the next decade, boomers will be retirement and looking for help to manage their new financial environments. Also, many boomers will be eligible for catch up contributions to their retirement plans, which should add to the pool of available assets.
The Six Questions that Can Make You Rich (Part Five)
Do you want to make a lot of money on a next-generation technology?
Then you're going to want to say "yes" to the fifth question in our series called The Six Questions that Can Make You Rich when evaluating your next technology investment.
Companies that engage in next-generation technologies with a wide scale of development have provided investors with some of the highest returns on investment over the past 10 years. And that isn't going to change as we move into the second half of this decade.
Yesterday, we discussed how companies are capable of harnessing other technological innovations in order to make their products unique, successful, and most of all profitable.
Also yesterday a lot of new buzz emerged on Amazon's integration with Facebook to create Amazon Gift. By harnessing Facebook's messaging and data mining capabilities, the new service will allow users to send gifts to friends through its online shopping and delivery portals.
Today we want to explore the fifth question of successful technology investing.
Is this technology vital and practical to the lives of billions around the world?
If you can answer yes this question, you may have found the next great in-demand technology to sweep the globe in just a few years.