, the man calling the shots for Franklin Rising Dividends
mutual fund, told the AP that his fund prefers the patient approach to stock picking.
Taylor said the firm is "trying to find good companies, and sticking with them unless they get too expensive."
Taylor, who co-manages the fund with three others, says that before picking a stock, they run it through five screens.
The PM says he also focuses on characteristics of the business to find stocks that would increase their dividends.
"Iím not focused on beating a benchmark on a quarterly basis, as long as the underlying growth prospects are there," he said.
One of the fund's biggest holdings is IBM, but the firm does not own a lot of tech stocks. Taylor said this is because the stocks are in "in industries that are too cyclical, or they have some other issues that Iím not particularly comfortable with."
Stay ahead of the news ... Sign up for our email alerts now