The year 2000 was memorable for more than just frosted tips and the Y2K bug… It was also a wake-up call for a market that had been swept away in the dot-com mania.
The S&P 500 saw a landslide, while the Bay Area in California suffered spikes in unemployment. Even the lovable Pets.com sock puppet was out of work until it hitched its wagon to Bar None in 2002.
But in the midst of the chaos, a young Chief Income Strategist Marc Lichtenfeld was finding his footing in finance – and he was about to uncover a secret that would transform his career.
In this week’s episode of his YouTube series State of the Market, Marc shares the discovery that inspired him to focus on buy-and-hold investing.
Whereas many investors tend to focus on either short-term trading or long-term buy-and-hold investing, the truth is, both strategies are integral to building a wealthy retirement.
Short-term traders who didn’t see the writing on the wall got pummeled as the dot-com bubble burst. But long-term investors who stayed the course did just fine.
The same thing happened last year as the stock market crashed in response to fears about COVID-19. The average investor lost $5,682 on March 9, 2020, and lost it for good if they sold – but they would have made it all back by late April 2020 had they held on.
But the stocks Marc recommends are perfect for more than just bear markets. Even in the sunniest markets, these stocks’ robust and growing dividend yields provide income that can change your entire outlook on retirement.
In this week’s episode, Marc reveals three of his favorite stocks to buy and hold for the long term.
One is a 4.5%-yielding drug company with a history of dividend raises… another transports oil and gas and pays 8.1%… and the third is a 4%-yielding investment bank that has been going strong for more than 150 years.
Don’t miss Marc’s latest episode of State of the Market – you can watch it for free here.