Not exact matches
These are probably safer than municipal bonds, but rising interest rates would have a
similar effect on asset
pricing — water stocks would take a
dip in a rising rate environment.
Dipping your toes into the water bit by bit seems like the best approach to the blue - chips that deliver excellent total returns (
in the case of Hershey, because it perpetually earns 16 % annual returns on assets while Brown - Forman's total returns on invested capital are
similar) but never appear to offer a particular attractive entry
price.
This had a noticeable effect on the current
dip with a less steep but more sustained slide
in prices, much more
similar to conventional market behavior.