3 Stocks for a Better Retirement
A recession and a national health crisis can be especially stressful if you're already retired, especially since interest rates have remained painfully low since the last economic downturn. There are few places for investors to turn as they look for income to ensure their investment portfolios generate enough cash. But if you are looking to invest to fund a better retirement, consider this trio of high-yield dividend stocks. They are in out-of-favor industries, but they have each proven themselves through tough times before.
The name International Business Machines (NYSE: IBM) might make some investors groan. The technology behemoth is still working to transition its business from older, lower-margin lines (like making computers), to newer, higher-margin segments like cloud, AI, and security. The problem is that it has been selling mature businesses that generated a lot of revenue to invest in operations that are still growing. That's left the top line in a downtrend for years, but with newer businesses making up around half of the company's revenue, an inflection point could be close at hand.
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Source Fool.com
