The Best Dividend Stocks to Buy Right Now Could Be Hiding In Plain Sight
Former Fidelity Magellan Fund manager Peter Lynch was famous for telling investors to find ideas by, essentially, looking around them as they navigated their lives. Today, as the market sells off, central banks hike interest rates, and investors fear a recession, you might want to follow this advice and look at what you and others are buying at the grocery store. Great dividend stocks are, basically, hiding in plain sight if you know where to look.
The Vanguard Consumer Staples ETF was recently off by around 10% from its highs earlier this year, which is way better than the performance of the S&P 500 Index. But that's still an opportunity because the performance of the Vanguard Consumer Staples ETF is essentially an average figure, meaning that some names are doing worse and others better. In fact, the only reason to even highlight the group-level performance is that the drop suggests there are more bad stock performances here than good.
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Source Fool.com
