ET - 4 Stocks I'm Eyeing for My Cash Hoard in 2024
2024-01-02 06:37:00 ET
Cash is continually flowing into my portfolio. I have regularly scheduled deposits that add money each month. On top of that, I invest heavily in dividend stocks. Those recurring income payments increase my cash position since I don't automatically reinvest my dividends.
Given the market's rally in recent months, I've been letting my cash position buildup. I'm waiting for the next sell-off to put some of my cash hoard to work. I currently have my eye on Energy Transfer (NYSE: ET) , Blackstone (NYSE: BX) , Digital Realty (NYSE: DLR) , and Broadcom (NASDAQ: AVGO) . Here's why I hope to deploy some of my cash hoard to buy more shares of these high-quality companies in the coming year.
Energy Transfer became one of my largest income-producing investments last year after it acquired Crestwood Equity Partners (which I also owned) in an all-equity deal. However, I'm hoping for an opportunity to add to my already sizable position.
For further details see:
4 Stocks I'm Eyeing for My Cash Hoard in 2024