Why I'm Greedily Buying Income In 2024

Apr. 01, 2024 3:50 AM ET, , , , , , , , , , 20 Comments
A.J. Button
12.2K Followers

Summary

  • Tech stocks are running hot in 2024, with the NASDAQ-100 approaching 40 times earnings.
  • Most tech companies haven't delivered the kinds of results that justify such valuations.
  • For this reason, I'm prioritizing income for fresh buys in 2024. This includes dividend stocks as well as term deposits.
  • Term deposits ("CDs") may appear boring, but they easily beat the S&P 500's earnings yield.
  • Overall, income-bearing investments are attractive in today's environment.

Money management or financial plan with property real estate concepts.banking soft loan and term loan.investment and expenses cost

House surrounded by cash money.

HAKINMHAN/iStock via Getty Images

In the last 12 months, I've been buying a lot of income investments. Much more so than I did in 2022. The current market has seen no-or-low dividend tech stocks rally to nosebleed valuations, while

This article was written by

12.2K Followers
Financial journalist. Passed CFA Level 1. Seeking value and dividend growth opportunities, and sharing what I find on Seeking Alpha. Follow me on Youtube and Twitter: twitter.com/AJButton2

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BAC, OCSL, TD, PSTVY, JD, BABA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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