Last December, few people would have expected market returns of 30% in 2013.
I entered 2013 modestly bullish and have consistently recommended staying invested throughout the year.
But this time last year, I was steadfast in my belief that dividend-paying stocks would outperform in 2013 and that “the best values in the world” were in Europe.
Well, so much for that. U.S. stocks have trounced all their peers, and non-dividend-paying stocks have beaten the pants off of their dividend-paying brethren.
As they say, “It’s hard to make predictions, especially about the future.” (more)
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