Growth stocks are considered to be more volatile than average stocks and, therefore, generally not excellent retirement investments. However, all growth stocks are not in the same boat. Here are two that our writers feel could be excellent additions to retirees' stock portfolios for years to come.
Matt Frankel (Visa): One growth stock that works well as an investment for retirees is Visa (NYSE: V). The company is certainly doing a great job in terms of growth. Over the past year alone, revenue and earnings per share were up by 26% and 25%, respectively, which certainly justifies Visa's valuation of 26.5 times forward earnings if it continues.
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Source: Fool.com