Re: Stocks
Samhass,
In my professional opinion, not too many individuals have the time or understanding of the markets to do their own trading, and certainly most seniors need to be wary of investing too heavily in the market, particularly in a small number of stocks.
That said, diversity is the key. In retirement, I would look for blue chips that have a good dividend history for income, and buy and hold. Don't try to time the market. Growth stocks are ok but only for money that you can afford to risk (we all need to play a little!)
Read, read, read - I strongly recommend a subscription to the Wall Street Journal. Whatever you do, I would avoid the strong sell sales types that are hyping their hot strategies, books and radio shows. Go to company websites, request annual reports, compare them to industry averages, etc.
Lots of homework, but even if you work with a financial advisor you should be doing all of this!
Good luck ~
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