3 Stocks Every Retiree Should Own but Probably Doesn't
If you're an investor, seemingly every day has been a bit of an adventure over the past four months.
For the latter part of February and most of March, uncertainties tied to the coronavirus disease 2019 (COVID-19) pandemic pushed more than 41 million people out of work (according to initial jobless claim flings) and wiped out more than a third of the S&P 500's value. Even for tenured investors, the swiftness of this decline was an eye-opener.
However, over the past 11 weeks, the stock market has done a 180 and regained more than 80% of what was lost. In fact, the technology-heavy Nasdaq Composite recently hit an all-time high, despite a 13.3% unemployment rate and the Atlanta Federal Reserve's projection of a real decline in gross domestic product of 53% in the second quarter.
Source Fool.com
