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When it comes to 2018 investing, ‘boring’ is better, portfolio manager says

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Here's how investors should position themselves in 2018

Now that we're in December, one portfolio manager says the best way to position oneself in the new year is with a combination of passive and active investment.

Plus, said Chad Morganlander, portfolio manager at Washington Crossing Advisors, getting into "boring, quality names" with rising dividends will benefit investors most. Here's why.

  • With tactical asset allocation, passive vehicles like exchange-traded funds offer exposure to broader markets.
  • At the same time, active management and picking low-volatility stocks that will outperform in times of market turbulence are the way to go, he said.
  • He recommends health-care and consumer discretionary stocks, specifically Hormel, Dr Pepper, Amgen and Abbott Laboratories.

Bottom line: A mixture of active and passive investments and so-called "boring" stocks will prove to be a smart investment strategy in 2018, according to Chad Morganlander.

Disclosure: Morganlander's firm owns shares of Hormel, Dr. Pepper, Amgen and Abbott Labs. He does not own them personally.