4 Ways to Grow $100,000 into $1 Million for Retirement Savings kxly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kxly.com Daily Mail and Mail on Sunday newspapers.
(James Brumley)
It s not exactly a secret that your age largely dictates how you invest. Younger people with growing wages can afford to take greater risks on growth stocks, since they have time to recover from any cyclical setbacks. Older investors may not have that sort of time or stomach for volatility and as such tend to play things a bit more conservatively.
Investors already in retirement need even more safety, but also likely need their portfolios to produce income. And there are certainly more than enough reliable dividend stocks for them to consider.
Individual dividend-paying stocks, however, aren t necessarily a retiree s only income-oriented option. Some exchange-traded funds (ETFs) are built from the ground up to serve as a substitute for a collection of hand-picked dividend stocks. Here s a rundown of the first three such ETFs a retiree might want to consider.
Intel (NASDAQ: INTC), down 10%;
Boeing (NYSE: BA), down 8%; and
Amgen (NASDAQ: AMGN), off by 4%. For perspective, last month the Dow Jones Industrial Average overall gained a little less than 3%.
That trio is a curious mix. Usually, there’s at least a semi-clear common thread among the big names logging the worst losses. But, there aren’t many similarities between a chipmaker, an aircraft manufacturer, and a pharmaceutical outfit.
There is one common element among these Dow laggards, however: Their recent share price weakness is attributable to disappointing quarterly reports that portend trouble ahead.
Intel’s first-quarter numbers weren’t terrible. Revenue fell 1% year over year, and operating profits slumped by 6%. Given the challenging, turbulent environment created by the pandemic, however and the fact that earnings of $1.39 per share soundly trounced estimates of $1.15 those results could be considered a victory.