In Your 70s? 3 Stocks You Might Want to Buy
Even in your 70s, you'll probably want some of your portfolio invested in stocks, or stock-based funds. After all, a typical 70-year-old male can expect over 14 years of life ahead, and a typical 70-year-old female can expect over 16 years of life. That's a long future ahead of you, and you'll want to protect the long-term purchasing power of your money after considering taxes and inflation -- a role that stocks can frequently fill.
Still, not every stock deserves a place in your portfolio in your 70s. Since you have less time to recover from losses and are potentially living off your portfolio instead of a salary, you'll want stocks with both a proven track record of success and the potential to continue to thrive. While there are no guarantees in investing, stocks like these three, with solid balance sheets, strong dividend policies, and reasonable valuations, provide the right balance to improve your chances as a 70-something investor.
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Source: Fool.com
Cisco Systems Inc. Stock
We see a rather positive sentiment for Cisco Systems Inc. with 13 Buy predictions and 1 Sell predictions.
With a target price of 53 € there is a slightly positive potential of 15.95% for Cisco Systems Inc. compared to the current price of 45.71 €.
