Why Waste Management Is a Retiree's Dream Stock

The stock market has been a wild place as of late. From short squeezes to renewed interest in bitcoin, there can be a lot to take in. Most investors are better off ignoring these distractions and sticking to investing basics. As Warren Buffett once said, "Risk comes from not knowing what you're doing."

One easy way to gain conviction is by investing in companies you can understand. This philosophy has special importance for retirees looking to generate income from stable and reliable dividend stocks. Waste Management (NYSE: WM) may not be the most glamorous company. But its business model is easy to understand and has recession resilience. Here's why Waste Management is a retiree's dream stock.

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Source Fool.com