Updated: March 17, 2016
Looking for high, safe income? If you’re like many investors, you probably look to electric utilities first.
But I think telecom stocks are a better bet right now. I’ll give you my top three in a minute. First, let me explain why.
The allure of utilities is obvious: you have to buy power whether the economy is soaring or tanking. Utilities also give you “China insurance,” because they’re almost entirely focused on the US.
But here’s the problem: after last year’s panic over rising interest rates sent utilities plunging, they’re back in vogue. Since January 1, the Utilities Select Sector SPDR Fund (XLU) has jumped 11.2%,… Read more