I've got $1300 to blow, as this is what's left of my cash account. Just like my low calorie diet, I am also trying to place my portfolio on a margin restricted diet.
With that said, I don't want $1300 sitting in cash being eaten away by inflation. I would prefer to invest it into a safe, blue chip, dividend paying company with a low beta. Essentially, I want to park this $1300 and forget I even have it.
The hard part:
I don't want any energy companies. No oil. No gas.
No financials, either.
I would prefer the stock price to be under $26 so I can at least grab 50 shares and would like the yield to be above 3%.
I am not opposed to buying something in USD, however, I would like to stay away from purchasing at a 52wk high, such as PFE. Pfizer would have been the perfect candidate if it wasn't bouncing off the rev limiter on the 52wk high.
Anyone have any suggestions?