Where does one find a decent return on an investment these days? For millions of Baby Boomers contemplating retirement, it's more than a rhetorical question. A report by the Wall Street Journal shows the soon-to-retire generation, by and large, has not saved enough in their retirement accounts and has some catching up to do. Others who have put their money in certificates of deposit (CDs) are earning a paltry return. Those whose investment has been wrapped up in their homes have seen values decline 30 percent or more. For Americans who have accumulated savings, the million-dollar question is where to invest it.
Before investing in anything, it is wise to consult a financial advisor who is completely objective. In other words, an advisor who does not sell an investment product but only offers financial advice for a fee. One question to ask them is about dividend-producing blue chip stocks. Not all stocks pay a dividend, but many do. Paying a dividend is one way a company returns a portion of its profits directly to its shareholders. So, before a company can pay a dividend, it needs to be profitable.
Source: ConsumerAffairs.com
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