Retirees have different investment needs than younger investors do. They require income stability as well as protection of principal. Finding these sorts of stocks can be a challenge, but there are some great candidates out there. Here are three that are particularly suitable for older investors. Here are some stable stocks that should hold up during rough times...
Realty Income (NYSE:O) pays a monthly dividend and is a Dividend Aristocrat, an S&P 500 company that's raised its dividend for at least 25 consecutive years. It's a real estate investment trust (REIT) that specializes in single-tenant real estate. Kilroy Realty (NYSE:KRC) is another REIT, but it focuses on office properties on the West Coast. Aside from REITs, regulated utilities like Duke Energy (NYSE:DUK) have always been a favorite for income investors. Such utilities provide a necessary service and were historically granted protection from competition in exchange for regulation.
Source: Motley Fool
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