Got $5,000? Here Are 3 Undervalued Stocks to Buy and Hold Forever
Many people have some extra cash this time of year. It might be a bonus from your employer or a tax refund. Whatever the case, you should consider investing that money in a way that benefits you, like the stock market. Since you're reading this, there's a good chance you already have a stock portfolio and want to add to it.
I have scanned the market to find three undervalued blue chip stocks that you can buy for $5,000 or less and hold forever without losing sleep at night. There aren't many stocks you can do that with, so you'll want to see this.
Altria Group (NYSE: MO) doesn't get much hype because of its controversial business model. The company sells Marlboro cigarettes and other nicotine products throughout the United States. It's not for everyone, but the stock is a dividend beast that can rack up some major dividend income for your portfolio. The stock yields an impressive 9.3% at its current share price, backed by a manageable 74% dividend payout ratio.
Source Fool.com
