Yesterday, I wrote that there are no called strikes when investing. There’s no rule that says you have to be fully invested at all times. There are plenty of instances where it’s just fine to have a chunk of your money in cold hard cash.
Is this one of those moments? The S&P 500 fell nearly 5% in September in its worst month since March 2020, and October is off to a shaky start. It might not be such a bad idea to keep a little more money than usual in cash.
But at the same time, if you’re in or near retirement, you need income. So it makes sense to keep a large chunk of your money working for you in safe, stable dividend workhorses.
Today, let’s look at one of those workhorses…
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