While there's still some room for risk, investors in their 30s need to be smart about their retirement savings
By the age of 30, you should already have nearly a decade’s
worth of retirement savings under your belt. If you don’t, you’re not alone. A
recent GoBankingRates survey showed that nearly half of the
millennials questioned had no retirement savings at all.
If you fall into that camp, keep in mind the old saying
“better late than never,” because it absolutely applies if you’re only just
starting to build a nest egg. If you just hit the big 3-0 and you’ve already
been saving and investing for years, bravo; however, 30 is a great milestone to
look over your investments and rebalance your portfolio with some of the best
long-term stocks out there.
Unlike in your 20s, risk is a much larger consideration a
decade later. The market is bound to go up and down, and you have to assess
whether or not you could handle a market-wide pullback. Moreover, you will want
to keep some powder dry to buy on a dip. Income stocks that pay dividends become important
stocks to buy at this stage, but choosing some riskier players shouldn’t be
completely off the table.
Of course, investors in their 30s should be holding some of
their money in an index fund that will provide conservative growth. But here’s
a look at ten of the best long-term stocks to buy if you’re in your 30s:
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