PFFA - 2 Preferred Stocks +7% Yield For My Retirement Portfolio

2024-07-08 07:35:00 ET

Summary

• In retirement, it’s crucial to survive recessions while consistently beating the relentless force of inflation.
• Are you accumulating cash in fear of a recession? Focus on cash flows instead.
• Discover two preferred picks offering steady cash flow through thick and thin.

Co-authored with Hidden Opportunities

When the economy faces turbulence, it is a good idea to bolster your portfolio defenses. This doesn’t mean selling everything and going into cash. The idea of staying in cash may sound appealing and make you feel secure, but this is one of the worst things you can do with your money. Money by itself is the worst defense against inflation. According to data from the U.S. Bureau of Labor Statistics, the dollar has lost about 98% of its value since 1924. This means that what could be bought for $1 in 1924 would cost around $25-30 today, reflecting a dramatic decrease in purchasing power....

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