Flee from the Detroit Bankruptcy to the Safety of Dividend Stocks
December 16, 2013 at 14:23 PM EST
In times of turmoil, "safe haven" assets always increase in value. Some view gold and silver as safe haven assets, for whatever reason. Savvy investors, especially after the Detroit bankruptcy, utilized dividend-paying stocks such as McDonald's (NYSE: MCD ), Coca-Cola (NYSE: KO ), and ConocoPhillips (NYSE: COP )