DEWITT, N.Y. (WSYR-TV) - If you own dividend paying stocks - or dividend mutual funds last year - you had a very good year in the stock market, with the average fund up well over 10 percent.
But if you were in growth in mutual funds, they really struggled to make money.
Stocks like Facebook or Amazon, for example, don’t generally produce dividends, but they are considered to have higher overall earnings potential.
Finance analyst Rick Reagan says, “That’s all about to change.”
“Since Jan. 1 dividend stocks have done okay. They’re up about two and a half percent. But if you had stuck with your growth mutual funds, you hadn’t given up on it, you’d find that the growth mutual fund…just since Jan. 1…is up 6.25 percent with technology doing really well,” Reagan said.
Reagan says this is proof that you should maintain diversified investments.
He believes growth stocks will continue to outperform dividend stocks this year.
Rick Reagan is a regular contributor to NewsChannel 9 WSYR.
If you have a question for Rick, email TheMorningNews@LocalSYR.com.
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