If You're Retired, Consider Buying These 3 Stocks
Retirees are usually looking to invest in companies with secure long-term growth prospects so they can enjoy a stress-free stream of income in their old age. If that describes your current investment goals, you might want to consider railroad Norfolk Southern (NYSE: NSC), outboard motor and boat company Brunswick (NYSE: BC), and tool maker Stanley Black & Decker (NYSE: SWK). Let's take a look at why all three offer investors a compelling mixture of security and growth in the coming years.
The investment case for Norfolk Southern rests on three factors. First, it's a way to gain exposure to long-term growth in the economy. Railroads are the arteries of the U.S. industrial economy; as long as goods are produced and transported throughout the U.S., there will be demand for rail freight.
Second, railroads offer investors the security of an almost unassailable market position. CSX and Norfolk Southern act as an effective duopoly on the east coast, and the railroads own their infrastructure. That's not something you can say about the trucking industry.
Source Fool.com
