In Your 60s? 2 Stocks You Might Want to Buy
As you move through your sixth decade of life, your investment goals shift from capital growth to capital preservation and income generation to reliably supplement your Social Security checks. When it comes to your portfolio, you'll definitely be examining different types of stocks, such as Enterprise Products Partners L.P. (NYSE: EPD) and International Business Machines Corp. (NYSE: IBM). If you're in your 60s today, in fact, these are two stocks you might want to consider buying right now.
Enterprise Products Partners is one of the largest midstream oil and natural gas companies in the United States. It has an asset base that would be hard, if not impossible, to replicate, including pipelines, processing facilities, storage, terminals, and ships. The vast majority of its top line comes from fees, which means demand for oil, gas, and their byproducts are more important than often volatile energy prices.
Laying a solid and thoughtful foundation is key to building a good portfolio. Image source: Getty Images.
Source: Fool.com
International Business Machines Corp Stock
The stock is one of the favorites of our community with 34 Buy predictions and 1 Sell predictions.
With a target price of 180 € there is a slightly positive potential of 7.36% for International Business Machines Corp compared to the current price of 167.66 €.
