OCSL - Why I'm Greedily Buying Income In 2024
2024-04-01 03:50:08 ET
Summary
- Tech stocks are running hot in 2024, with the NASDAQ-100 approaching 40 times earnings.
- Most tech companies haven't delivered the kinds of results that justify such valuations.
- For this reason, I'm prioritizing income for fresh buys in 2024. This includes dividend stocks as well as term deposits.
- Term deposits ("CDs") may appear boring, but they easily beat the S&P 500's earnings yield.
- Overall, income-bearing investments are attractive in today's environment.
In the last 12 months, I've been buying a lot of income investments. Much more so than I did in 2022. The current market has seen no-or-low dividend tech stocks rally to nosebleed valuations, while many stocks in the "income" category have floundered. The NASDAQ-100 is up 40% over the last 12 months, while the Vanguard Real Estate ETF ( VNQ ) is up only 6.37% . Financials for their part are up quite a bit over the last year, but nevertheless lagging tech. It's the same story with energy....
Why I'm Greedily Buying Income In 2024