To buy or not to buy utility stocks
I retired last year and know have to watch my savings.I was in the stock market for many years and know only have two CD’s getting only 2.6%.I have been looking at two utility stocks, Next Era Energy and Duke Energy. I know that these two stocks can loss money, but with my CD’s they make just about nothing. What to do. Thank you.
Terry Says
That depends on what’s most important to you: capital preservation or income.
The risk in utility stocks is they cut their dividends, disappointing investors. That could lead to lower stock prices. The risk in your CDs is a sure thing: when they mature, rates will be lower!
