New: During all periods of volatility, the knee jerk reaction is to sell stocks, preserve capital and go to cash. For long term income investors, we think this is the wrong approach. From where we sit today, stock valuations are reasonable. Dividend increases remain strong. Share buybacks continue in force. Interest rates will be low for a while. Yes, growth is anemic, but we are making the case that during this period of volatility investors should continue to own stocks. To generate a long term consistent return there are few alternatives in this current low interest rate environment, but f
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