Stocks to own

After getting emails from several of you about individual stocks to own, for a volatile 2008, I've came up with a few picks. Before I give those out, I want to hammer in points from a previous article. The point is, you must diversify across the globe, to ensure a gainful 2008. There are way too much risks in the market right now, especially the U.S. So in order to protect yourself, you must not put all your eggs in one basket.

But for those brave souls, here is a play you can consider. Try the defensive stocks. Note the difference between defense stocks, which are more weapons/arms companies like Lockheed, and defensive stocks, such as food stocks. In a volatile market, it serves us well to not be too brave and optimistic. So well known players like Coca-cola, Altria, Colgate-Palmolive, Clorox, and Avon are good investments. They still pump out good earnings, real profits (which is hard to come by nowadays, and are products that consumers must purchase as necessities.

You could even look into bonds, and preferred stocks. Citigroup, in their dire need of cash flow, is issuing a 7.85% preferred stock. Contact your broker for those shares, as they provide great returns, and Citi is extremely unlikely to go bankrupt on you. Good luck!