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2020 is off and running. The Dow Jones has topped 29,000 for the first time. But many (including yours truly) still believe this is going to be a challenging year for stocks.
Generally speaking, I believe this year will be closer to the historical average returns for the market.
That means we'll follow up a record-breaking 2019 of 30% gains for the major market indexes with a return to the single-digit range.
And it won't be a smooth ride either.
As we saw at the start of the year with an unexpected attack by the United States on Iran's leadership, volatility will be the rule of thumb in 2020.
It doesn't take a genius to see the potential hurdles out there.
But that doesn't mean there aren't winning stocks out there.
There are 20% gains or more to be had. All you have to do is own the perfect stock.
The perfect stock is a combination of safety and growth. The MLP we're about to show you today is the perfect example of both.
Safety can be found with a dividend that will be likely paid no matter what the overall market is doing. We also want growth in terms of earnings acceleration that will be used to support and even increase the dividend.
It's a pretty simple formula. But where do we find stocks like that?
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The answer is master limited partnerships (MLPs).
These dividend payers are going to be the biggest winners in 2020. The combination of growth and income will be unmatched.
Because most MLPs are tied to the oil market, growth will come from the easy monetary policy currently in place around the globe.
We are in an inflationary environment despite the nonexistence of rising prices in the near term.
While prices may not be going up, asset prices, including oil prices, are rising.
That's the nature of monetary economics.
Low interest rates can only result in rising asset prices. It's just a matter of time.
That time is 2020.
Perhaps that's why my favorite MLP is already up almost 13% for the year in just a couple weeks of trading.