Why This Nonsense-Named Basket of Stocks Could Pay Serious Dividends
In response to Facebook changing its name to Meta Platforms, my colleagues introduced a new acronym for big tech -- MANAMANA, which stands for Microsoft, Apple, Netflix, Amazon, Meta Platforms, Adobe, Nvidia, and Alphabet. It's catchy. You can sing it to the tune of the song from the Muppet Show. And in all seriousness, it perfectly encapsulates the power and influence of the largest segment of the American economy -- technology.
Investing in the MANAMANA basket makes sense for a lot of investors. But what about folks who want to generate consistent and growing income from dividend-paying stocks? Have no fear, CLUTCHCASH is here. It consists of 10 dividend-paying members of the S&P 500 from a variety of industries. Here's what makes the CLUTCHCASH basket a good buy now.
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Source Fool.com