3 Stocks I’m Buying (June 2023)

Wow! The year is halfway over already. And what a year it’s been, at least in the financial sector. From banks failing to interest rates hitting 16-year highs, 2023 has been rough for investors.

My portfolio is actually down -16% year-to-date.

Mostly because of long-term core positions seeing major sell-offs.

Portfolio cornerstones like AbbVie, Archer-Daniels-Midland, and Realty Income have all fallen significantly over the past six months.

And while many newer portfolio additions are green (McDonald’s is up +14.68%, Church & Dwight is up +15.99%, Haleon is up +29.30%, Otis Worldwide is up +17.79%), these positions are much smaller than my core holdings.

Why bring this up?

Because I’m investing a little more conservatively this month.

And I’ll explain why below…

1. A High-Yield Savings Account

My biggest investment this month?

Putting money in my high-yield Capital One savings account.

Debt ceiling fears are over, and many stocks have started to rally. But, I personally think we’ll see another big sell-off within the next 60 days or so.

Mainly due to corporate earnings.

Many companies will come up short of expectations, and shares will plummet as Wall Street panics.

Case in point?

Dollar General stock has plunged 20% this morning due to weak guidance.

With interest rates higher than they’ve been in the past decade, merely putting money in a savings account now yields about the same as most blue chip dividend stocks — without the sell-off risks.

I’m parking money here, and waiting for a good opportunity to buy premium stocks at a discounted price.

Some stocks I’m eyeing are: Procter & Gamble, Texas Instruments, Kroger, Lowe’s, and American Express. All companies with longevity. And all companies that I believe could fall further due to negative market…