Back in late January when the markets were in turmoil and oil was falling, I recommended 13 stocks with a history of increasing dividends. If you had invested $100,000 equally in these in January, today they would be worth $118,450 for a gain of 18.4%, on top of which you would have collected another 1.7% in dividends for a total return of over 20% in less than 6 months. All while we witnessed a U.S presidential primary circus, numerous terrorist events and the Brits electing out of the euro-zone.
While this is a rather extraordinary return and not likely to repeat soon, it does show that you can find value in good quality stocks regardless of the market conditions.
I haven’t sold any of these positions, but lightening up on some may be in order, so consult your financial advisor or CPA to get their opinion.
On a separate note, I am becoming increasingly concerned with Tesla in light of its planned merger with SolarCity. I do not agree on the synergies between the two and do not like the fact that Elon Musk essentially controls both so I am withdrawing my bullish view on Telsa.
Below are the results from the baker’s dozen stocks:
Ray Link is a CPA and holds an MBA from the Wharton School. He recently retired from FEI Company (NASDAQ: FEIC) where he was the CFO for 10 years. He is on the on the Board of Directors of FormFactor (NASDAQ: FORM), Electro Scientific Industries (NASDAQ: ESIO) and nLight Inc.