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How to make it, spend it, and invest it

6 Jan 2021

Mastering Money 1/6/21

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Post by MoneyRadio Staff

Question:   As an investor in or near retirement, should you own utility stocks?  And, if you do, should you make utility stocks a major part of your plan for retirement income, as some financial journalists seem to suggest?  Utilities can be a good choice for some investors seeking diversification from the broader equity market since the dividend yield of utilities averages around 3.6%, the highest of any sector, according to Jodie Gunzberg, chief investment strategist at Graystone Consulting, a Morgan Stanley business. Today, we’ll review why utilities may not be your best income bet, HOWEVER, they can offer lower volatility, stability, consistency, and a reliable dividend yield that grows in size every year—IF YOU CHOOSE WISELY.  Today, Steve explains how to do just that, and then Medicare and Health Insurance expert Shelley Grandidge joins us. A great show you don’t want to miss…MASTERING MONEY is on the air!!!!