After you retire, your investing focus should shift away from growth and toward income and capital preservation. This can mean getting rid of some of your more-volatile stocks, and buying some others that can produce solid performance while still allowing you to sleep at night.
One good place to look for ideas is in the portfolio of the greatest long-term investor of all time, Warren Buffett. Here are two great examples of Buffett’s favorite stocks that retirees may want to consider for their portfolios.
Things to look for in a post-retirement stock
There are a few characteristics that good retirement stocks tend to possess. Keep in mind that the stocks in your portfolio don’t necessarily have to have all of these, but the more the better.