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
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There’s nothing more satisfying that getting money for doing nothing. That’s why dividend stocks hold so much appeal for portfolios. Many of...
-
We've broadened our search to the S&P 500, and also found two high-dividend stocks among the dividend yield leaders of that larger i...
-
Dividend stocks can be a great source of passive income. Not only do they deliver cash into your brokerage account on a recurring basis, but...
-
I believe in dividend growth investing and consider holding strong companies will help me going through any stock market storm. I believe di...
-
Generally speaking, the higher the yield, the higher the risk involved. Since yield is a function of share price, a failing business model w...
-
With bond rates already low and the Fed hinting at rate decreases, dividend stocks are in high demand these days, as alternatives in the fix...
-
If you are retired, you have likely shifted from building your nest egg to living off your assets. That means you probably gravitate toward ...
-
What kind of income-generating assets make the most sense? Obviously, those that appear undervalued with respect to the basket/group of stoc...
-
Warren Buffett famously quipped that if you aren't willing to own a stock for 10 years, you shouldn't think about owning it for 10 m...
-
REITs are reporting higher revenue and earnings so far for the quarter. But one of the specific metrics for profitability comes from the rat...
0 comments
Post a Comment
Post a Comment