Next year might require a rethink
As any financial advisor will tell you, you should always
plan for the future. Typically, slow and steady wins the race over making
long-odds wagers. However, the novel coronavirus pandemic certainly threw a
monkey wrench into this age-old narrative. In turn, seemingly all equities
qualified for the label best retirement stocks.
Since the pandemic began, many people have turned to
investing for a variety of reasons, and the popularity caught on quickly.
Suddenly, everybody became a day trader — using the Wall Street Journal’s
language.
Sure enough, the surge of interest in the investment markets
contributed to a once-in-a-blue-moon opportunity to make up for the lost time.
Even companies that appeared destined for the bankruptcy line — I’m not going
to name any names — enjoyed unprecedented support. Truly, bad news was good
news in the new normal. So it was only natural for many blue chips to become
some of the best retirement stocks.
Of course, a major contributing source for this interest was
the never-before-seen cooperation between private enterprises and big
government. The latter wanted everybody to go home to combat the spread of
Covid-19 while the former allowed their employees to telecommute — a concept
that prior to the crisis found resistance from several managers. Just as
importantly, stimulus checks put extra money into Americans’ pockets, boosting
the best retirement stocks and other categories.
Now, though, the good times might be coming to an end — or
at least the drinks might not be on the house anymore. According to the New
York Times, consumer prices rose at the fastest pace since 1982, a dynamic that
Washington cannot afford to ignore. Indeed, Federal Reserve chair Jerome Powell
signaled that it will more aggressively reduce monetary support of the economy.
If so, you need to think about the best retirement stocks.
I’m not proclaiming that we’re going to enter a downturn,
although to be blunt, that wouldn’t be the most surprising outcome.
Historically, rampant speculation — especially stock trading on margin — never
ended well. Therefore, people should consider adding these best retirement
stocks to their portfolios.
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