With the market sliding, seniors can rely on these seven safe investments
Many investors are looking for safe stocks to help mitigate
the current volatility. The stock market is in the midst of its scariest
correction since March 2020. Heading into 2022, there were already concerns
around inflation and incoming rate hikes. Now, things have gone from bad to
worse with Russia’s invasion of Ukraine, which has caused all sorts of ripple
effects in terms of commodity prices and shortages.
For risk-seekers, there are plenty of opportunities to go
bargain hunting in more adventurous stocks. For others, such as seniors and
retirees, however, this is not the time to be taking wild risks.
In fact, the recent downturn may have shown some people that
their portfolios had too many speculative holdings and not enough solid blue
chips. With that in mind, it’s time to look at seven of the top safe
investments for seniors in 2022.
One other key factor for many retirees is income. In a world
where bank certificates of deposit and other fixed-income products don’t pay
much interest, stocks have become an important alternative. As such, we’ll be
setting a minimum of a 3.0% dividend yield for all the companies listed below.
With that, here are seven safe higher-yielding investments to consider today:
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