If you keep up with financial news – or just news in general – I’m positive that you’ve heard the name GameStop in the past week.
That’s largely due to the company’s stock hitting a high of $404.43 – up from the 52-week low of $2.57.
Now, if you’re not familiar, GameStop can be equated to a Radio Shack or Blockbuster – it was a place that I’d take my son back in the day where he could pick out video games or where we could sell them back once he beat them.
Today, people can buy all of their games online and download them directly onto their console – rendering GameStop essentially obsolete.
It is officially inauguration day, and investors – along with the rest of the world – have their attention focused on what’s happening in Washington.
And the main question that people are asking is this:
What’s going to happen to this bull market?
We have been in the midst of this bullish rally since Election Day with the market up 13% – making this the best post-election performance in modern history. And stocks are nearing new highs during the inaugural address.
On January 6, we experienced history when Democrats took control of the U.S. Senate after the race in Georgia came to an end.
And you know me – when the news is running, my eyes are on the stock market.
On the same day that Georgia’s results were finalized, the Dow and S&P closed on all-time highs – and two specific sectors were ahead of the crowd. Both were up roughly 5% on the day and continued to climb.
But I’m going to show you how to play those stocks… for maximum profits.
Every year, on December 31, one of my favorite long-term trading strategies is revealed.
It’s called the “Dogs of the Dow,” and over the past 20 years, it has averaged 10% returns – that’s over the course of the dot-com bust, the 2008 financial crisis, and, yes, the 2020 global pandemic.
On the last trading day of the year, we find the 10 stocks with the highest dividend yields – and typical “Dogs of the Dow” traders will add these stocks to their portfolio, taking the dividend payments all year long.
That’s a good strategy, sure. But I play the Dogs of the Dow a little bit differently – and with my way, you’re making more than 10% per year.
See, with this unique strategy, you can spend 2021 collecting cash every single month.