Help Grow Your Retirement Savings by Investing in These 3 Safe Stocks for the Long Haul
Inflation and rising interest rates are making it more difficult than ever to save for retirement. But it's important to try to put some money aside for the long haul. According to an Ipsos poll earlier this year, one in five Americans don't think they will ever be able to retire. Most of those respondents don't think they'll be able to afford it.
Investing in the stock market can enhance your financial position in the long run. And some stocks are safe options. Three stocks that can provide long-term stability, pay dividends, and help grow your retirement savings are Procter Gamble (NYSE: PG), Oracle (NYSE: ORCL), and CVS Health (NYSE: CVS).
Consumer goods behemoth Procter Gamble is known for its products that people use every day. Tide, Bounty, and Gillette are some of its brands. Strong brands can help make a company's business resilient because demand is relatively consistent. Coming out with new variations on successful products can be a way for a business to drive more revenue growth.
Source Fool.com
