If you're looking for retirement stocks, here are seven stocks to buy in Q3
Retirement stocks are at the center of attention for
millions of investors. Rising global tensions, declining markets and the
expected recession have investors looking more closely at their longer-term
saving plans, be it 401(k)s or IRAs.
According to Alicia Munnell, director of the Center for
Retirement Research at Boston College, the current selloff has erased around $3
trillion from retirement accounts stateside. This year’s declines on Wall
Street remind us the importance of choosing robust stocks for retirement
accounts.
Many widely-followed retirement stocks pay stable dividends.
According to Barron’s, “well-chosen dividend stocks can help mitigate the
effects of market downturns or add juice to rallies, delivering quarterly
income that cuts losses and amplifies gains. They can also be a hedge against
inflation.”
Current bear market conditions present the perfect
opportunity to invest in retirement stocks while they’re trading at bargain
valuations. If history is any guide, the market will inevitably rebound in
future months.
With that information, here are seven retirement stocks to
buy in July:
Comments
Post a Comment