Michael Steinberg
Investment Research and Consulting
Buy Now!
The period from Dec. 21 through Dec.29 is an incredible buying opportunity going into the new year. Omicron fears are the headline driver, combined with tax selling have created opportunities across the board in both income stocks and micro to mid-cap Nasdaq stocks. The sell off caused by fears of the pandemic again slowing the economy through supply chain disruptions is exacerbating year selling.
I anticipate a continued downward trend across the board until the 29th of December when the tax selling is over and any new purchases will settle in the new year. Institutions will use the price drop as an opportunity to window dress their portfolios into the new year. Individual investors will have the opportunity for immediate gains, historically averaging about 6%.
I am currently recommending five issues that pay an average of ten percent annual dividend. This portfolio is spread across the market including a precious metals fund, a REIT, a mid cap lending fund, an old line mid cap fund, and a capital development fund.
Michael14Steinberg December 21st, 2021
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