Worried About Another Crash? Buy W.P. Carey
The market is trading near all-time highs (which feels great), but don't forget the brief bear market that we saw earlier in 2020. As the old Wall Street saying goes, trees don't grow to the sky, and neither do markets. Eventually, there will be another market crash, and now is the time to prepare for it if you are starting to get worried about the market's lofty heights.
One of the best ways to prepare is buying an income-producing investment like W.P. Carey (NYSE: WPC). Here's why.
W.P. Carey is a real estate investment trust (REIT) that has increased its dividend annually for 23 consecutive years. That's no small achievement, and it shows that the REIT places shareholders' interests high on the priority list, especially given that there have been three notable market downturns over that span (the 2000 dot com bubble, the 2008-09 recession, and the drop in early 2020). That doesn't guarantee that W.P. Carey will always increase its dividend, but it has clearly managed through difficult times before.
Source Fool.com
