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February 28, 2021 5:09 AM newsfeedback@fool.com (Ryan Downie)
Posted:
Updated:
March 2, 2021 6:07 AM
Watsco (NYSE: WSO) is an under-the-radar company from the industrials sector, and it combines a handful of important characteristics that retirees should love. Some stocks come highly rated by analysts or celebrated by growth-oriented financial media outlets, but those might not be the best investments available for people in their 60s and 70s. Retirement portfolios require a somewhat different approach, and you should keep that in mind when considering the noteworthy merits of Watsco.
What makes a perfect stock for retirees?
Retirees don’t have a lot of room for risk or volatility because their current cash needs create a short time horizon. Young 401(k) investors can ride out temporary bear markets as they achieve growth over 20 or 30 years. Older people simply don’t share that luxury. If you don’t get income from working anymore, you need your savings t
Why AT&T Is a Retiree s Dream Stock Will Healy
Instead of seeing
AT&T (NYSE: T) as a dream stock, many might understandably view it as a nightmare. A costly stake in DIRECTV is now on track to produce a massive loss. Also, the wisdom of its WarnerMedia investment appears uncertain as it navigates the highly competitive streaming market.
Activist investor Elliott Management recently sold its AT&T stake. Also, in an admission that appears to contradict my own point that this stock is a great one for retirees, I will let you know that I recently sold my own shares.