This is a good article about how you need to be nimble in the stock market nowadays. XLU, the utility stock ETF, took a tumble this past summer when the Fed started talking about tapering its bond purchases. Of course, bond stocks also fell. The point here is that neither bonds nor utility stocks are safe in a rising interest environment. Eventually we will have a stock market crash, and cash may be the best place to be when that happens.
In the meantime, PSEC, a business development company is probably a good stock to own because they pay an annual dividend of around 12% in monthly installments. You can look at the chart below and see that it is somewhat stable, and you continue to be paid monthly dividends whenever the stock does happen to dip. You could even buy more shares when it pulls back. Double click on the chart to expand it.
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