The U.S. stock market had another brutal week with all three major indices at or near their year-to-date lows as inflation worries and valuation concerns combined with Russia-Ukraine uncertainty. There have been seven trading weeks so far this year. Each week, the Dow Jones Industrial Average, S&P 500 , and Nasdaq Composite ended the week lower than they started.
No one knows what will happen in the short term. But there are measures you can take to protect your portfolio from downside risk. The simplest solution is by investing in industry-leading companies that pay dividends.
Investing by equal parts in Caterpillar (NYSE: CAT) , Chevron (NYSE: CVX) , and Walmart (NYSE: WMT) stock gives an investor an average dividend yield of 2.7% and exposure to the industrials sector, the energy sector, and the consumer staples sector. After a period of four years, an investor could expect a $10,000 investment to earn over $1,000 in passive dividend income. Here's what makes each dividend stock a great buy now.
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Want $1,000 In Passive Income? Invest $10,000 in These 3 Dividend Aristocrats and Wait 4 Years