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shares to tuck away

I would like to buy a couple of shares to tuck away for growth but mainly the dividend.
I thought I might buy Vodophone but not sure what else. I have seen tables in the past but cannot find anything very useful at present.
I wondered about National Grid or maybe Shell. Would like something that has been dragged down a bit in the last week or so with everything else but should hopefully recover.

Comments

  • chrismac1
    chrismac1 Posts: 2,585 Forumite
    I like shares in companies that:

    1. Deliver dividends which are well covered by earnings.
    2. have stong cash flows and low borrowings - who wants to be reliant on a bank?
    3. Have a decent prescence in Brazil / India / China / Japan / rest of Far East growth markets.
    4. Have products which people will want or need to buy even as incomes are squeezed.

    Vodafone Diageo Shire Pharma GSK Tesco

    For something a little riskier and not much Far East exposure but some "safe haven" status, H&T the pawnbroker.
    Hideous Muddles from Right Charlies
  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 9 August 2011 at 11:11AM
    As an alternative to individual shares here is one I've been mulling over - The Merchant's Trust

    Why you should not buy it:
    * It is an Investment Trust so as it has borrowed money to invest it will fall faster and further than the shares that make it up.
    * [STRIKE]I haven't bought it myself (yet).[/STRIKE]

    Why you shoud buy it
    * It will also rise faster when (if!) the market goes up again for the same reason.
    * For the last 29 years they have always managed to increase the dividend each year. If they can continue to do so through the current crash then the share price drop has made the current yield very attractive at 6.54%.
  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I've now taken my own advice and added it to my ISA.
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