Buy These 3 Safe High-Yield Stocks If You’re In Your 60s

This is the fifth and final video in our series covering investors of different ages. We already published videos talking about stocks to buy for investors in their 20s, 30s, 40s, and 50s. And now we're covering investors in their 60s. One of the most important considerations for an investor is their time horizon. Simply put, compounding requires time. The more time you have, the more powerful compounding can be. But if you're in your 60s, time isn't the luxury it once was when you were younger. And so a more immediate return on capital becomes appealing. Moreover, you're likely in retirement and focusing on investments that provide a large amount of sustainable income.

As such, when you're in your 60s and buying stocks, high-yielding stocks are right in your wheelhouse. Now, this usually means sacrificing growth to a degree. But that's okay. If you're able to buy stocks with yields upwards of 7% and comfortably cover your bills in retirement, you don't need a lot of growth. You just want enough growth to keep up with inflation so that you don't lose ground to the rising costs of life.

And that's exactly what I'm here to help you with. I'm going to tell you about three high-quality dividend stocks, possibly the best stocks to buy now, that offers all of this. They give you yields that are more than 4x higher than the broader market. And these big dividends are safe and growing. This could make them perfect for investors in their 60s that are income-oriented.

The first stock I want to bring to your attention is Enbridge (ENB).

The stock yields 7.1% right now. That's more than 4 times higher than the S&P 500's yield. This is a golden goose laying one of the fattest golden eggs you'll find. And they're laying more of these golden eggs every year.

We put out a video a few months ago analyzing and valuing Enbridge stock, estimating its intrinsic value at almost $44/share. We also showed in that video how the dividend is quite safe, ensuring your income stream in retirement.

The second stock I want to tell you about is Altria Group (MO). Altria is a dividend magician. This stock gives it all to you. Big dividend? Check. The stock is yielding 6.6%. Safe dividend? Check. Free cash flow easily covers the dividend. Growth? Check.

Altria has increased its dividend for a very impressive 51 consecutive years.

We highlighted this stock as undervalued back in November, when it was below $40/share. It's now over $50/share. But I see the stock as still very buyable for dividend growth investors in their 60s, as the yield makes the juice very much worth the squeeze.

Last but not least, let's talk about AT&T (T). AT&T Inc. is a telecommunications and media conglomerate. Operating one of the largest telecom businesses in the world and one of the largest media businesses in the world, AT&T is a giant. 

This stock yields a mouth-watering 6.9%. It's more than 4x higher than the broader market's yield. And that'll definitely get some bills paid, which is very important if you're in retirement. Plus, this stock allows you to keep pace with inflation with dividend growth.

We put out a video only weeks ago highlighting the stock's income appeal and undervaluation, noting that the stock might actually be worth over $35/share.

I think all three of these stocks could be appropriate for investors of all ages. But their yield-heavy tilt makes them particularly suitable for investors in their 60s. These stocks won't grow like crazy. Instead, they're healthy income generators that can make retirement much easier. These are mature golden geese laying big, fat golden eggs. And they even have enough growth left in the tank to more than keep up with inflation so that you don't lose ground to the rising costs of life.

If you want large, safe, growing dividends, these three high-quality dividend growth stocks should be near the top of your shopping list.

Video Length: 00:08:23

Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

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