If I Could Only Buy 3 Stocks in 2023, I'd Pick These
I can be considered a risk-averse investor who values a mix of growth and dividends. High-flying growth stocks may sound sexy, but they also come with higher risks as their valuations may be stretched because there is too much optimism baked into their stock price. What I look for are businesses with a long track record of performance, a brand that is synonymous with quality products or services, and a willingness to pay increasing dividends to their shareholders.
Some may argue that such stocks are boring and deliver unimpressive returns. I beg to differ. If a business can continue to increase its revenue, net income, and dividends over years or even decades, the investor will be rewarded with not just a higher dividend yield, but also a steadily rising share price. Call it the best of both worlds if you will, but the total shareholder return can help you easily beat inflation and provide you with sufficient funds for a happy retirement.
Here are three stocks that satisfy the criteria above that I will not hesitate to buy this year.
Source Fool.com
