I suggest focusing your new money on a handful of interest-sensitive utility stocks that have already undergone sizable price "corrections" from their 2015 highs. More
- Poll of the Day
Utility stocks include electric, gas, water and other provider companies. Utility equities often come as bonds since those companies have significant debts from the infrastructure needed. Therefore, Fed interest rates greatly affect the utility sector, which understandably prefers low interest rates. Utilities pay out dividends that have historically risen faster than inflation rates. So, utility stocks are often a decent choice for older or retired investors.