ETRN - Practice Knife-Catching With These Undervalued Dividend Stalwarts
Introduction: To Catch A Falling Knife
In September 2019, I wrote an article titled "The Rich Are Hoarding Cash, And So Should You." Indeed, all through last Fall, I advocated establishing and maintaining a decent cash position of, say, 15-20% of one's investable capital. As the market kept going up and up and up, this advice began to seem more and more and more unreasonable. In mid-February 2020, if someone had abided by my suggestion, one might well have felt embittered at the missed opportunities. There are always some who criticize the seemingly