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Originally Posted by Susie Cougar
We had some good luck in the last recession. We got a good tip on Las Vegas Sands. We bought it for around three dollars a share and sold it at around $60. That was a really great tip! That one stock gave us enough money to be able to move to Florida.
Anybody have some really good suggestions as to what they’re putting their money in this time around? We’ve never been risk averse, even though we’re at the age that we should be.
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Last time around utilities were in demand because of the reliable dividends and low returns on CD's and T-bills. The result was that stodgy things became growth stocks (NEE, AEP, etc) That may be true again. Historically, utilities traded more like bonds, but when interest rates are really low, reliable dividends are important. I follow "Morningstar Dividend Investor."