Now more than ever, a comfortable retirement depends on secure, stable investments. Unfortunately, the right stocks for retirement won’t just fall into your lap. As part of an ongoing series, I’m looking today at 10 measures to show whether United Parcel Service, Inc. (NYSE:UPS) makes a great retirement-oriented stock.
UPS doesn’t make anything, but as the leading shipping and logistics company, it counts on other businesses and individuals sending their products around the world. Given its status as a barometer of overall economic activity, how has United Parcel Service, Inc. (NYSE:UPS) handled the rocky conditions we’ve seen lately around the world? Below, we’ll revisit how United Parcel Service, Inc. (NYSE:UPS) does on our 10-point scale.
The right stocks for retirees
With decades to go before you need to tap your investments, you can take greater risks, weighing the chance of big losses against the potential for mind-blowing returns. But as retirement approaches, you no longer have the luxury of waiting out a downturn.
Sure, you still want good returns, but you also need to manage your risk and protect yourself against bear markets, which can maul your finances at the worst possible time. The right stocks combine both of these elements in a single investment.
When scrutinizing a stock, retirees should look for:
Size. Most retirees would rather not take a flyer on unproven businesses. Bigger companies may lack their smaller counterparts’ growth potent