O - 2 Retirement Stocks to Buy for 2024
2023-12-26 08:45:00 ET
As investors transition to a new year, many may be adding cash to traditional or Roth IRA plans. Often, such contributions find their way into index funds that offer diversification and a long growth history.
But for those who are interested in individual stocks, conservative investments that can produce a rising source of income and potential stock price growth may be the best way to go. In the consumer sector, both Realty Income (NYSE: O) and McDonald's (NYSE: MCD) could serve this purpose. Here's why.
Realty Income is a real estate investment trust (REIT) that owns more than 13,000 properties in the U.S. and four European countries. It has single tenants under long-term, net lease agreements. This means the tenant pays the properties' maintenance, taxes, and insurance, leaving Realty Income to profit from the rental income.
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2 Retirement Stocks to Buy for 2024