Why Retirees Should Scoop Up This Dividend Stock Before the Next Recession
All bull markets come to an end, and this past decade has been a remarkable one for investors who've escaped largely unscathed from any corrections. While no one knows when the next recession will hit, there's good reason to believe we're closer to the next one than the last one.
Now would be a good time, then, to clad your portfolio in armor to protect it from the inevitable downturn. One of the best ways is through investing in quality, dividend-paying stocks, a key attribute for investors living off their stocks in retirement.
Here's why global energy giant ExxonMobil (NYSE: XOM) may be one of the best stocks for income-loving investors girding themselves for the fall.
Source Fool.com
