Why I Think These Are the 2 Smartest Stocks to Buy With $5,000 in October
AbbVie and Medtronic are both stable blue chip dividend plays in this choppy market.
Overview
It might seem like a risky time to buy new stocks. The Fed raised its benchmark rates for the first time in three years in September, and the 10-Year Treasury's 5.3% yield -- its highest level since 2007 -- is pulling investors toward safer fixed-income investments.
But over the long run, many blue chip dividend stocks still outperform CDs, bonds, and T-bills. Let's take a look at two of those stocks -- AbbVie (NYSE: ABBV) and Medtronic (NYSE: MDT) -- which are worth buying with $5,000 (or more) to ride out the near-term volatility.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.