Safe Investment No. 3: Blue-Chip Dividend Stocks
Mike Scanlin, CEO of investment software company Born To Sell, recommended boomers invest blue-chip dividend stocks. Many of these large, stable company stocks — like Johnson and Johnson, Walt Disney and PepsiCo — pay dividends.
Blue-chip dividend stocks are not only attractive to boomers because of the regular income they provide; they’re appealing because of their overall performance. Over the last four decades, dividend stocks have outperformed the S&P 500, reported The Street.
Buying stocks individually requires paying a transaction fee with each buy and sell. To keep costs low, compare fees at various brokerages and make sure your predicted gain will be more than enough to cover the transactional costs — about $5 to $10 at discount brokerages.
