Market Wrap-Up for Nov.1 (SPG, BHI, AVP, BEN, BTU, PSA, more)

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I just saw a couple of key data points I wanted to share when it came to women and retirement.

A survey of nearly 3,600 American workers conducted for the Transamerica Center for Retirement Studies by Harris Interactive shows only 33 percent of women said they were building an adequate retirement nest egg. Also, recent 2008 data from the Social Security Administration stated 17 percent of unmarried women age 65 or older had income below the official poverty threshold of $10,326; 28 percent were considered near-poor, with income below $12,907. Dividend stock investing is one area that I hope can level the playing field not just for women, but all investors in general. I talk about the power of compounding interest often when referring to investing in high-quality dividend-paying stocks for the long term.

The example I like to use always is how someone invests a mere $50 per month - that's $600 per year - in dividend stocks from the age of 8 to 13, and re-invests those dividends, you would be accumulating over $1 million by the time you reach the age of 65.

Reinvesting your dividends within a retirement account is awesome, especially if you are sitting in a Roth IRA which will be tax-free when you are ready to start withdrawing those monies for your retirement. Think of how little you even need to get started with, and how much it can grow to in the example above. Maximizing your IRA contributions every year helps you multiply the power of compound interest.

Looking at today's action, the markets saw the early pop give way in the afternoon a bit as investors continue to make moves ahead of tomorrow's elections. Simon Property Group ( SPG ) and Baker Hughes ( BHI ) traded higher following both companies' results. Other early winners include Peabody Energy ( BTU ), Franklin Resources ( BEN ), and Public Storage ( PSA ). On the down side, Avon Products ( AVP ) and Estee Lauder ( EL ) were some of the biggest laggards on the day.

I hope everyone had a great weekend, and hope the trick-or-treating candy sampling has not taken a toll on too many bellies. Be sure to check out the latest members-only Premium articles you may have missed from last week, and don't forget to check out new Investing Videos section as well as a couple of video links below to see our latest work. Be sure to check out our "How Best to Use" video if you are newer to our site. And as always, check out our industry-leading Best Dividend Stocks list for the top dividend names to put money into right now.

Thanks for reading, and I'll see you tomorrow!

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: AVP , BEN , BHI , BTU , EL , PSA , SPG

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