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MaynardKrebs
Heave Steve, for the good of the country
Premium
join:2009-06-17
kudos:4
reply to Keepinitpriv

Re: [Serious] Fell into some money

Assuming you don't want to dip into the money of other things, split the money into $10k chunks or so. Buy round lots (multiples of 100 shares) of
- a utility company
- a bank common stock
- another bank preferred stock
- consumer non-durables company (most likely US - like Proctor & Gamble - people brush their teeth even in a recession)
- maybe a food company
- maybe a REIT
- some others which have relatively low P/E's, good earnings growth, decent dividend growth

Where possible take advantage of dividend reinvestment plans, if you're not needing the cash dividend.