With more stock market volatility, we decided to nibble at the market and pick up shares of Prudential (PRU). We think Prudential is currently trading at reasonable levels and it pays a nice dividend of 4.5 percent as of the time of this post.
This equity also aligns with our strategy of focusing on companies that provide services that most consumers need in either good times or bad. Prudential sells insurance to retail and institutional customers.
We would caution against taking any large positions in equities at this time as the market is expected to be highly volatile but there do tend to be some value stocks in any market.
Stay tuned and stay solvent…