Below I have provided my current picks for a growth and income portfolio that combines domestic and foreign assets. The first four, AIRT, OLN, SXI, and UTR, are domestic assets with comparatively low price to earnings ratios, reasonably low debt to equity and dividend payout ratios, apparently good long-term growth potential, and higher than average dividends.
The last two are exchange traded funds specializing in foreign stocks. The first, VWO, focusing on emerging market companies, has greater likely volatility and a lower yield but also better growth prospects. The risks inherent in this fund would seem to be adequately offset by its wide diversification plus suggested investment in the other portfolio assets. The second, DTH, was chosen for its diversification, value orientation, and high yield.
Taken together, these six assets hold some promise of providing favorable returns without undo stress for the investor. I would recommend that one review the asset holdings after a year and a day. However, the intention is that all six be held together for about a 3-5 year duration. The portfolio's average price to earnings ratio would be just 11.2. Yet its overall yield would be a hefty 3.4% (net of likely foreign dividend taxes for the ETFs).
As always, it is best to do one's own due diligence and/or consult with a broker or financial advisor one has reason to trust before investing in any asset.