3 Stocks to Hold Even if the Market Turns More Bearish
After teetering on the brink for the past few weeks, the stock market officially plunged into bear market territory this week, falling more than 20% from the recent peak. Many investors believe it could fall even further, given all the uncertainty in the global economy these days.
The constant selling in the stock market likely has some investors thinking about throwing in the towel and selling their stocks. However, bear markets are fairly common, occurring every four years on average. Because of that, investors should continue to hold on to high-quality stocks, especially those that have great long-term growth prospects. Three stocks our contributors think investors should keep holding even if the market grows more bearish are Enbridge (NYSE: ENB), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Brookfield Infrastructure Partners (NYSE: BIPC)(NYSE: BIP).
Reuben Gregg Brewer (Enbridge): Bear markets are gut-wrenching affairs that test even the most stern of investment hearts. You can't help but ask yourself, "When will the carnage end?" My way of dealing with the uncertainty is to distract myself with big, fat dividend checks. Like the one I collect every quarter from Enbridge. The Canadian midstream giant is offering investors a generous 6.2% dividend yield today, which is more than four times what's on offer from the S&P 500 index.
Source Fool.com
