In Your 70s? 2 Boring, High-Yield Stocks You Might Want to Buy

In Your 70s? 2 Boring, High-Yield Stocks You Might Want to Buy

If you're in your 70s, your investment goals are very different than when you were in your 30s, 40s, and 50s. While once you were focused on capital growth, today you'll likely be more concerned with capital preservation and income. In other words, it's time for some boring, high-yields stocks like utilities Duke Energy (NYSE: DUK) and Southern Company (NYSE: SO).

Before we get too far into this, let's take a look at beta. Beta is a financial measure of a stock's price movement relative to a broader index (most often the S&P 500 index). A beta of 1 means a stock is expected to be roughly as volatile as the index to which it's being compared. A beta above 1 means the stock would be expected to move more than the index. A beta of 2, for example, suggests that a stock is twice as volatile as the index.

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Source: Fool.com