Because retirees can have very different investment goals than workers, the companies owned in your portfolio before retirement may not be the best companies to own afterwards. After all, it's easier to look beyond the market's inevitable drops when you have a paycheck coming in than it is when you're relying on your savings for retirement income. With that in mind, we asked some of our top contributors to weigh in with their picks. Here are three companies that they think make sense for retirees, and why.
When building a portfolio in retirement, it can help to focus primarily on income-generating stocks with lower volatility thanks to popular brands. Johnson & Johnson (NYSE:JNJ), the maker of big-name consumer goods such as Listerine and Band-Aid, is also a major player in drug development and medical devices. The Consumer Discretionary Select Sector SPDR ETF (NYSEMKT:XLY) is an exchange-traded fund providing exposure to nearly 90 companies in the consumer-discretionary sector. One stock that stands out as a great investment for those in retirement is Magellan Midstream Partners (NYSE:MMP). Unlike many other companies in the energy space that vacillate with the price of oil, Magellan's business of transporting and storing crude oil and refined petroleum products is mostly done under long-term, fixed-fee contracts.
Source: Motley Fool
Related Articles:
- Stock Dividends - The Gift of Nothing
- What's More Powerful Than Compound Interest?
- Dividends vs. Stock Buybacks
- 8 Dividend Stocks With A Quick Payback
- 7 High-Rated Dividend Stocks With Above Target Returns
3 Top Stocks for Retirees to Buy
Posted by D4L | Saturday, December 12, 2015 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Boring stocks to buy and hold almost always align with deeply established businesses. While they won’t offer the outstanding growth potentia...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
Linked here is a detailed quantitative analysis of Texas Instruments Inc. (TXN). Below are some highlights from the above linked analysis: C...
-
Verizon (VZ -1.75%) pays one of the biggest dividends in the S&P 500. The telecom giant currently yields 6.5%. That's one of the top...
-
Countless people dream of being able to pay their bills with the cash they receive from their investments. But it doesn't have to be jus...
-
A great year for dividend growth stocks is one in which there are few dividend cuts and fewer companies that failed to raise their dividends...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
-
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to re...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.