As the market continues to plummet and things continue to worsen, dividend stocks will allow you to continue to win. They work for long-term investors. People that can wait it out a few years. As they wait, they get rewarded. I have a couple stocks I like currently that are pretty safe and if you have money to invest it will make you pretty rich in a few years.
HTE, Harvest Energy Trust, is a open-ended investment trust in Canada. Their primary investments are in oil-related industries including shale-mining, oil refining, and drilling. They also do invest heavily in petroleum and natural gas. Right now, with crude oil hitting highs of $70, their stock price of $6.21 looks like a real bargain. This gives you a dividend of 8.40%. As with all stocks, make sure you do your due diligence! I mention DD because HTE will get taxed in 2011 by the Canadian government and this will lower the dividend. I do believe buying at this time will continually yield a pretty good dividend. As oil prices go back up, you will see this stock price go up and you will happily be enjoying a nice dividend no matter what happens in the future. I do believe oil prices will rebound, and I also believe this will rebound sooner than later.
PWE, Penn West Energy, is another open-ended investment trust in Canada. They are paying off a yield of 11.40%. This one is also at a very low price. I think both will be a good way to make money long-term and if you are willing to wait it out, you will be handsomely rewarded as oil gets back to its normal $80+. Oil could become the next major currency. Think about it, US dollar going down, what does everyone still use in the world? Even with hybrid cars we still rely on that black gold.
If you have some money in your bank, put some of it in these two stocks. Why not collect a fatty dividend! When the market finally moves up, you will continually be rewarded and when the time comes when you need to sell, you can surely bet the price of these stocks will be more than it is right now!
