EV - This Was the Best Retirement Stock of 2019
Electrical products and power management company Eaton (NYSE: ETN) -- up nearly 38% on a year to date basis as I write -- was arguably the best stock of the year if you're a retiree. The company is far from being the most exciting stock on the market, but boring should do just fine for investors looking for a reliable stream of income in their old age. Here's how Eaton made it to the top of the list and why it's still an attractive investment for 2020.
Image source: Getty Images.
First, a few words on the selection process -- not least so readers can perform such exercises themselves in the future. Using commonly available stock screeners, the following filters can be used to whittle down the universe of suitable stocks. For reference, this is not a list of the only suitable stocks for retirees, just ones that performed the best in 2019 within certain parameters -- there are many other ways to find stocks suitable for retirees.