subject: How To Retire Rich With Stocks [print this page] Retiring rich isn't as quick and easy as counting on your pension plan benefits, Social Security payout, or personal savings from a few good investments. Today, with the recession causing many companies to freeze pension programs or cut back, Social Security being threatened with loss of funds, and dipping personal savings due to market conditions, retirement nest eggs are in danger. If you want to keep your retirement funds stable, you'll have to fend for yourself and stop depending on whatever Social Security or your pension plan can or can't pay. Here are a few things you can do to get back on track:
Get active and work your stock market investments. Even if many investors aren't exactly ecstatic about the market, those with more than five years to go before retirement may be able to earn a good amount from their stocks. Keep in mind that you shouldn't nitpick and worry about where your stocks are going to be in, let's say, a few months - with this kind of stock micro-management, you'll just tend to make more mistakes.
Money-making retirement portfolios usually have a good combination of different stocks. Stocks that are high-growth will build wealth and maximize returns quickest - invest in these as part of your portfolio. Choose stocks that have really good sales and increasing value, which also trade favorably.
Stocks that pay dividends may not seem as impressive, as they aren't likely to pay big-time in the short term, although the continuous payouts can negate some of your investment losses. Choose stocks from companies in industries that aren't prone to recessions. In addition, pick stocks that yield high dividends and show steady growth in the past few years. These should be more stable than many other stocks in today's market.
Stocks can be a good way of revitalizing your retirement savings. Go with stocks that pay dividends for steady income, high-growth stocks for hard and fast returns. If you've got five years to a decade left at work, you'll have a better chance at living large when you retire.
