Stay ahead of the trend with these relevant companies
At surface level, the concept of finding the best retirement
stocks to buy is a patently obvious one: acquire shares of stable blue chips
that have a long history of consistent and robust dividend payouts. Then, just
sit back during your golden years while these corporate giants work hard for
you for a change.
While carrying plenty of truth, the reality is that
retirement stocks represent a tricky subject because retirement itself is
fraught with uncertainty. In prior generations, people could simply depend on
the unprecedented strength of the U.S. economy during the post-World War II
era. Frankly, no one could challenge this nation. But the rise of China along
with shifting societal and technological trends suggest that American hegemony
is no longer dependably viable.
For instance, banking on the rise of personal computers
would have been a great opportunity if you were heading into your golden years
during the 1980s and 1990s. Nowadays, the rise and rapid proliferation of smart
mobile devices have made investing strictly on legacy tech platforms an
incredibly risky proposition. Therefore, retirement stocks don’t just face
outside threats but internal headwinds as well.
Further, the outlook for American society is not clear cut
because of the potentially lingering impact of the novel coronavirus pandemic.
As The Wall Street Journal pointed out, life expectancy fell by 1.5% in 2020,
“the biggest decline since at least World War II.” In addition, the financial
devastation — particularly against underprivileged and at-risk communities —
may drag the economy for years to come. This too will affect retirement stocks.
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