Smart Money: Gary Flam Quoted in “Investments That Crank Out Cash”

"Investments That Crank Out Cash," by Reshma Kapadia and Elizabeth O'Brien, Smart Money.

Gary Flam, managing director and portfolio manager at Bel Air Investment Advisors in Los Angeles, knows customers are still skittish about stocks.  But he successfully rode one kind of stock- high-dividend payers- through the downturn, and today, he’s still buying.  Flam considers a dividend, a share of a company’s earnings passed along to stockholders, to be a sign of reassurance.  And if a stock’s price dips, he adds, “a dividend tends to cushion the blow.”

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