The only thing that can be certain about the 2024 election cycle is another year of mudslinging and rancor among parties. What this means for investors is another year with potentially high volatility and uncertainty in the stock market. The only way to avoid the hassle is to be out of the market, which isn’t viable. Where should investors put their money?

The best option is to pick a diversified portfolio of stocks known to do well following an election. Some sectors, such as housing, healthcare and energy, are supported by both sides of the aisle in one form or another and produce consistent returns over time. After all, that is the goal of investing: making consistent returns over time, which means targeting high-quality names and buying them when they present value.

Past performance is never a guarantee of success because it is impossible to untangle the web of cause and effect that drives the equity market. Targeting stocks with a solid performance history can mitigate volatility and provide a lever for portfolio returns once the election ends, but it is no guarantee of investment gains. Choosing the highest quality names that produce positive cash flow and pay dividends will help ensure success.

MarketBeat's team of analysts have made a list of these stocks that income-oriented investors may want to consider in a special report titled "7 Stocks to Own Before the 2024 Election." Click the link below to get your copy.