Investing in Your 50s? 3 Perfect Stocks to Buy Now
This has been a wild year to be an investor. We've witnessed some of the craziest up-and-down vacillations in the history of the stock market, and yet the S&P 500 sits pretty darn close to the flat line on a year-to-date basis.
This volatility can be especially confusing for investors in their 50s. With retirement potentially looming within a decade, the preservation of capital is important. Then again, with Social Security Administration data showing that the typical 65-year-old lives an average of 20 more years, growing your nest egg for the years to come is imperative, too.
With the understanding that inflation will whittle away the value of cash put under the mattress or into ultraconservative investment vehicles, such as bank CDs, investors in their 50s would be wise to stick with a tried-and-true wealth creator: the stock market. If you're in your 50s and looking for wealth-building ideas, here are three perfect stocks that offer a blend of growth, income, and capital preservation.
Source Fool.com
