Investing is the thing that people tend to feel least confident about, as there is always the risk of losing money. However, there are certain investments that can be made that won't be needed to pay bills or cover emergencies as they arise, and the following five stocks represent some of the safest investments for 2023.
The first stock to consider is U.S. Bancorp (USB 1.40%), the parent company of the nation's fifth-largest bank. The stock has been steadily increasing in value since 2016, and the dividends are safe. U.S. Bancorp also has a strong financial position, making it an ideal investment for those looking for a safe stock to invest in.
The second stock is Johnson & Johnson (JNJ 0.90%), the world's largest health-care products maker. The stock has been steadily increasing in value since 2015, and Johnson & Johnson has a strong financial position and a strong dividend policy. Health-care investments are always a safe bet, and Johnson & Johnson is no exception.
The third high-yield income stock that makes for an exceptionally safe investment in 2023 is U.S. Bancorp (USB 1.40%), the parent company of the nation's fifth-largest bank. The stock has been steadily increasing in value since 2016, and the dividends are safe. U.S. Bancorp also has a strong financial position, making it an ideal investment for those looking for a safe stock to invest in.
Investing in rental housing is a safer and more practical way to get into real estate. It is an asset that provides a steady income and is relatively low-risk. While rental properties are not the safest assets, especially for new invest, they are still a great way to diversify a portfolio and build wealth.
Undoubtedly, cryptocurrency is not the safest investment to make. Aside from extreme volatility risk and loose regulations, there is also the issue of security. cryptocurrency exchanges and wallets are highly vulnerable to hacking, and many invest have lost their money due to a lack of proper security measures.
For those looking for a safe investment, CDs are considered relatively safe investments; and you can get them from your bank or credit union. CDs are FDIC insured, up to $250,000 per depositor. However, FDIC insurance doesn't cover the investment accounts many banks offer through their brokerage services. If a brokerage fails, customer assets should be safe.
For those who are looking for a safe investment but still want to make money, a portfolio of blue-chip stocks can be a great option. Blue-chip stocks are typically large, established companies with a track record of consistent growth and healthy dividends. They are usually seen as a safe bet, and although they may not offer the highest returns, they are a relatively low-risk investment.
Finally, for those who are looking for a safe and reliable income stream, dividend stocks are a great choice. Dividend stocks offer steady income and can be a great way to build long-term wealth. Dividend stocks are usually part of a portfolio of blue-chip stocks, and although they may not offer the highest returns, they are a relatively low-risk investment.
Investing in any of these five stocks can help to create a safe and secure portfolio for 2023. Whether it's a blue-chip stock, rental property, or a CD, these five stocks represent some of the safest investments for the upcoming year.
