June 14, 2022, 11:50 AM
Fly-SigAre Stocks Undervalued Yet?
quote:
Originally posted by grumpy1:
I am going to pick up the SCHD - Schwab U.S. Dividend Equity ETF at some point but not yet. Look like stocks are getting beaten down again today after modest early rally quickly has fizzled out. It tracks the Dow Jones U.S. Dividend 100™ Index, has a great track record, yield is just over 3 percent, .06 expense ratio, is outperformimg so far in this bear market, and has limits on how much it can invest in individual stocks and sectors which is important as many value/dividend funds were hammered in 2008 bear market being so overweighted in financials.
Top ten holdings as of today:
MRK MERCK & CO INC
KO COCA-COLA
AMGN AMGEN INC
IBM INTERNATIONAL BUSINESS MACHINES CO
PEP PEPSICO INC
PFE PFIZER INC
VZ VERIZON COMMUNICATIONS INC
HD HOME DEPOT INC
TXN TEXAS INSTRUMENT INC
LMT LOCKHEED MARTIN CORP
There's no predicting the future, but... I am very concerned about pharma given the shitstorm that is brewing with the jabs. Though they have been given immunity to liability for harm, it can either be removed or people can become so angry that the companies are somehow dismantled. The casualty count is going to be
very significant and much of the truth will become widely known.
I consider myself very much "typical", and I have become extremely mistrusting of pharma and the medical establishment (to include government agencies). I will be much less likely to accept medication or future injections than I was pre-C19. Admittedly it could be to my detriment, but that's my reaction. If a large portion of the population has the same reaction, pharma is going to take a hit.
My approach is I am building my own dividend portfolio. These funds are excellent for ideas but also lock into some companies I am leery of.
June 14, 2022, 01:45 PM
doublesharpI've never owned a mutual fund, nothing against them but I prefer picking my own stocks and have done well.