I'd Put $500 Into Each of These 5 Dividend Stocks and Throw Away the Statement
Because I own stocks like these, I don't worry about my brokerage statements, even though I'm invested in sectors that are currently out of favor.
Overview
When you invest in stocks, you should look at it as if you were buying the entire company. Sure, you are only getting a small piece of a company, but if you "buy the company," you look at the investment in a different way. It shifts from a short-term trading decision to a long-term investment, with business quality taking precedence over the stock price.
This long-term view is why I'm happy to own PepsiCo (NASDAQ: PEP), Hormel (NYSE: HRL), Hershey (NYSE: HSY), McCormick (NYSE: MKC), and Realty Income (NYSE: O) today despite all of them being out of favor. In fact, I don't even bother to look at my brokerage statements each month (I might as well just throw them away). Here's a quick look at each company.
Image source: Getty Images.
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Originally published at www.fool.com.