Reported 10 days ago
In a recent discussion, Matt Powers of Powers Advisory Group highlighted strategies for optimizing investment portfolios amid the uncertainties of an election year. He advised focusing on traditionally defensive sectors such as utilities and consumer staples, and specifically mentioned Target as a strong option due to its solid dividend growth and improved performance. Powers also recommended adjusting fixed-income investments to target intermediate durations and maintaining liquidity. He cautioned against drastic portfolio changes leading up to elections, encouraging investors to consider reallocating towards dividend-focused assets to capture higher yields.
Source: YAHOO