You ever wonder why "investing" in a Social Security "pension"
works? Because it is automatically done and there is nothing for a
worker to do.
To be able to retire with a considerable nest egg, the first
process will require that investors get money into accounts that
can be used to accumulate high-quality dividend-paying stocks.
Figure out what it takes to do this and get yourself in position to
get that money to work for you each month. The reason I bring this
up from time to time is the data that I keep coming across that
alarms me - and should alarm you too. A recent survey from Wells
Fargo reports that the average American has saved less than 7
percent of his desired retirement nest egg and will likely have to
keep working in retirement to supplement his income.
The sooner investors understand that sitting in cash over
extended periods of time is not the smartest move, the sooner they
will come in off the sidelines. It will happen, but in the
meantime, you can put yourself in a better position financially to
build your nest egg by getting a specific amount of funds ready to
work for you each week or month. You can still enjoy yourself with
things you like to do, but save some of that entertainment money to
put to work for you as well.
Looking at today's action, Beckman Coulter (
) spiked on reports the company could be for sale. This is another
bullish anecdote to watch for as we move forward. More on recent
bullish trends we are seeing can be seen in today's
from Tom and myself.
Elsewhere, Wall Street analyst upgrades helped lift shares of
AvalonBay Communities (
), JP Morgan (
), and M&T Bank (
). Cablevision (
) was higher on news it will be added to the S&P 500 Index.
General Electric (
) shares rose this afternoon following news of the company's second
dividend increase this year. On the downside, National
) slumped following the company's earnings outlook.
Looking ahead to next week, earnings will continue to be light,
with notables such as Best Buy (
), Accenture (
) and General Mills (
) set to report. Be sure to catch up with our latest watchlist
updates, including the new reports on earnings/story stocks,
analyst upgrades/downgrades and how those names performed on the
week. All that will be available this weekend on Dividend.com
Premium, and as always, you can view our current recommendations on
Best Dividend Stocks List
Have a great weekend everybody, and thanks for reading!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here