Where to Invest $1,000 Right Now

Keith Fitz-Gerald Mar 20, 2020
11 

Millions of investors are worried that there’s more selling ahead.

Odds are, they’re correct.

Still, I’m beginning to get the sense that we’re far more likely near a bottom than a top, which means picking the “right” companies could set you up for once-in-a-lifetime wealth at prices you won’t see again for a generation.

Panic never made anybody a penny.

A Great Choice for Income Starved Investors Who Want to Go Bargain Hunting

Millions of investors are hurting.

Their 401ks have been turned into 201ks for the third time in 20 years, leading many to wonder if there’s any point to investing, given the risks ahead. Especially now.

I get that.

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There’s nothing normal about what’s happening right now, no matter which way you cut it.

We all understand that.

The markets have cratered, stores are straining as people hoard supplies, many folks are worried about their jobs, their retirement, and more. You’re not alone if you’re one of em.

Look, there’s no question this sucks.The S&P 500 has dropped a staggering 28.85% since February 19th, just over four weeks ago.

Yet, this isn’t the end of the world as you know it.

There are amazing companies making real, serious, life-sustaining products that have been put on sale in recent weeks and that are now trading at truly generational buying points. Some, like The Clorox Co. (NYSE:CLX), we’ve talked about. Some, like the one I’m going to highlight today, we haven’t.

Yet.

I’ve got to believe, based on everything I know, every data point I see, and every bit of market history I’ve studied, that savvy investors will want to be buying something.

The question on many people’s minds is: “What?”

I suggest top tier players only because these are the companies that likely to help defend your money best if there’s more selling ahead and roar out of the ditch fastest when the world beats the coronavirus.

My favorites, bar none, are those making “must-have” products and services the world cannot live without and which will continue to function at a time when the world is highly stressed.

Alliant Energy Corp. (NasdaqGS:LNT) is a terrific example.

Based in Madison, Wisconsin, the company has held up extraordinarily well despite intense selling pressure in recent weeks that’s cratered damn near everything else.

Share prices have dropped from around $60 to just over $50 as I type. Ordinarily, I’d be a bit concerned, but we’re living through anything but ordinary times.

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People are going to need power, virus or no virus.

The company’s latest fact book projects $5.2 billion in rate base growth over the next four years which translates to a 10% compound annual growth rate. At the same time, the board of directors has already approved a 7% dividend increase.

I have to imagine those numbers will come under pressure as the coronavirus situation continues, but they’re a great starting point for income starved investors at a critical point in history.

Until next time,


Keith

11 Responses to Where to Invest $1,000 Right Now

  1. Eric Marcantoni says:

    Alliant is now at just over $40…32% down so its in about the same condition as many other stocks at this point. There are very few equities that have a positive gain this year at this point. Alliant is down 25.6% for the year. Just wanted make sure your numbers are correct. So the question I have is, why not invest in one of the few companies that is still positive for the year? Is it just a matter of time before they succumb to the downward pressure or are any of them “safe” (relatively speaking)…for example TDOC, GSX, SAFE, EVBG, ZYXI, QDEL?

    • Keith says:

      Hi Eric and thanks for asking – that’s a superb question.

      History shows that chasing breakouts in a falling market has the potential to end very badly when the broader markets turn because those same stocks get dropped like a hot rock when sentiment flips. Research, on the other hand, shows that stocks like Alliant tend to hold their value against volatility which cuts in both directions – Up and Down. That’s why relative stability is often overlooked during turbulent trading.

      Make sense?

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

  2. Charlie says:

    Thanks Keith! How about the companies that will benefit from all the restaurants closing? Dominos, chipotle, etc. Charlie

    • Keith says:

      Howdy Charlie – I like your logic.

      I think the scale belongs to Starbucks because of the branding power and global reach. Nothing wrong with the other choices you’ve mentioned using that logic but, don’t forget they’re all “nice to haves” rather than “must-haves.” Ergo, the risks are higher even with the shift in consumption.

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

  3. Jack Breese says:

    I would like to start putting money in the stock above.
    I checked a couple time the cost has always bin more than I have. I manage 200 or 3 hundred the odd time. But when I do have money I would like to invested GS:LNT and NYSC clorox.

    thank you
    Jack Breese

    • Keith says:

      Hi Jack.

      Might I suggest respectfully that you consider a DRIP – dividend reinvestment plan. They’re a great way to start investing without a lot of money and a terrific way to purchase shares directly from a company then have dividends reinvested automatically. Visit http://www.directinvesting.com for a pretty darn helpful list of companies offering that.

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

  4. Keith Patel says:

    Your advice is very informative and interesting in these turbulent times.
    You inspire a sense of calm and hope when the markets are tanking and at their most volatile. Investors are becoming shellshocked and need your advice.
    Thanks for a great letter.

    • Keith says:

      Hi Keith and thank you! Great name by the way 🙂

      I try very hard to convey that and I am thrilled that comes across. Please let me know if there is anything I can be doing better, differently or that you’d like to hear about in future articles, presentations, etc.

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

  5. Amanda Roberts says:

    What are the best 5G tech stocks to invest?

    Thank you

  6. Mark says:

    Do you realize that the governor of Wisconsin has said residents do not have to pay their utility bills for a period of time if impacted by the virus?

    Is why WEC has also dropped over $30 in a couple of days; a rock solid consistent stock for decades.

  7. MICKEY SANSONE says:

    HI KIETH ,WHAT WOULD BE THE BEST 5G PICKS .THANKS MICKEY

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