While your golden years might be decades away, it’s never too early to plan ahead, particularly with cheap retirement stocks to buy now. Usually, the basic formula for retirement plays focuses on fiscal stability, reliable growth, and passive income. Unfortunately, the best enterprise that meets these attributes tends to be pricey. To mitigate this situation, you can instead target cheap retirement stocks to buy. And by cheap, we’re not talking about securities that are priced “low” for their own sake. Rather, these enterprises may be overlooked for whatever reason. But if you’re willing to step a bit outside your comfort zone, these ideas could be intriguing.
Put extra gold in your golden years with these cheap retirement stocks to buy now. Archer Daniels Midland (ADM): ADM features a consensus strong buy from analysts. Hormel Foods (HRL): Hormel delivers a balanced profile for a retirement play. Vale (VALE): Vale commands exceptional long-term relevance. Phillips 66 (PSX): Phillips 66 stands to benefit from normalization trends. Marcus (MCS): Marcus is an aspirational investment in demographic dynamics. Nucor (NUE): Nucor might benefit from the infrastructure buildout. IBM (IBM): IBM remains a sleeper pick in the tech ecosystem.
Source: InvestorPlace
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