Want to Retire Early? This Stock Could Help You Do That
Early retirement is something many investors dream about. Whether your vision of early retirement is playing golf on a weekday, reading a long novel at the beach, or traveling to new places, it's a worthy goal to aspire to. It's also one that likely requires some help from the right stocks.
While we often associate retirement with dividend stocks, it's worth considering stocks that offer a mix of dividends and the potential for capital appreciation to help you arrive at retirement while generating passive income for when you get there.
It's also not ideal to look for moonshots when nearing retirement. Investors at this stage should be a bit more risk-averse than investors just starting out, as they have a bigger nest egg to protect. Furthermore, cyclical stocks may not be the most suitable for investors targeting early retirement. You don't want the stock you've been relying on to be in a down cycle when you're ready to retire.
Source Fool.com
