Investing in retirement can be tricky. Investors who have left the workforce need to strike a balance between growing and protecting their portfolio. Dividends that provide a regular source of income in retirement are another important consideration. This requires certain types of retirement stocks: ones that grow steadily, reliably and are more insulated from market fluctuations.
Having said that, where do you find these type of securities? Typically, they are blue-chip companies, they are profitable, they have strong management teams in place and they have ahistory of rewarding shareholders. While not every stock fits the bill, there are plenty of worthwhile securities for investors to consider when building a retirement portfolio. Here are the three most undervalued retirement stocks to buy now in July 2023.
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