“The last few weeks have been extremely turbulent for investors, especially those holding shares of America's mid-tier banks,” says our income-and-retirement specialist Zach Scheidt. 

“Thanks to rising interest rates, falling customer deposits and a healthy dose of fear, many of these stocks have been trading sharply lower."

However… 

“Today's banking crisis won't keep companies from distributing dividends,” says Zach. “And in most cases, it won't keep these dividends from growing over time.

“But the banking crisis has caused many dividend stocks to pull back. And therein lies the opportunity. 

“Take a look at the chart below that shows the price action for the ProShares S&P 500 Dividend Aristocrats (NOBL), a fund that invests in America's highest-quality dividend stocks. 

“As you can see, the fund traded lower over the last couple of weeks as fear entered the stock market,” Zach notes. “But think about what's really happening here…

Source: Rich Retirement Letter

“Investors are worried about banks having cash on hand to pay depositors. But they're not worried about whether dividend companies are going to keep paying investors.

“So why should the country's largest, most stable dividend companies pull back? This is actually turning out to be a great buying opportunity!

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Your Rundown for Monday March 20, 2023...

Stock Nobility 

“When I invest in dividend stocks, I generally think about the investments this way: I'm paying cash now to buy a long-term stream of income,” says Zach. 

“If I expect this income to be stable and grow over time, then I should be excited any time I can invest at a cheaper price.

“So when NOBL or the stocks that are included in this fund pull back, you're able to get more income for every dollar you invest.

“That's quite different from the perspective most investors have.

“Traditional investors worry when quality stocks trade lower. But income investors salivate at the opportunity to buy their favorite dividend plays at a lower price. 

“NOBL is full of reliable income stocks that have withstood the test of time,” Zach says. “But if you want to go one step further, I’d love for you to pick out your favorite stocks from the fund.

“That way you can tap into some of the specific companies that are doing well in today's dynamic economy.

“Here's a quick screenshot I grabbed of the top stocks NOBL invests in: 

Source: Rich Retirement Letter

“Do your homework, pick out your favorite three or four stocks,” he says, “and start putting your retirement capital to work next week.

“After all, the banking crisis has given us some great deals on income plays. And according to Churchill,” Zach adds, “you never want to let a good crisis go to waste!” 

Market Rundown for Monday, March 20, 2023

S&P 500 futures are down 0.10% to 3,940. 

Oil is down 1.30% to $65.88 for a barrel of West Texas Intermediate. 

Gold is inching towards $2,000; at the time of writing, the yellow metal is priced at $1,989 per ounce.

And Bitcoin’s in the red, but just about $1,700 under $30K. 

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