Paying Out for a Pair of Financials
I try to keep my portfolio well diversified across the different S&P sectors when prudent and possible. My portfolio was very light in the financial sector due to the turmoil in the financial industry over the past five years and the continued challenges within the sector. However, I made a concerted effort to research how I could add positions in the sector and be comfortable with the increased exposure to this volatile area. I decided to focus on names that are not impacted by residential real estate, have stayed out of the line of fire from legislators and will be minimally impacted by increasing regulation coming out of D.C. I also wanted to find stocks with low valuations and solid dividend yields. Here are two that made the cut.
The Blackstone Group (BX) provides alternative asset management and financial advisory services worldwide including private equity, real estate investments and hedge funds....278 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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