ARE ENERGY STOCKS A SMART SOURCE OF RETIREMENT INCOME?
Is it smart to make energy stocks a part of a retiree’s income plan when the demand for oil is low, the end of the fossil fuel era many be nearing, and a new generation of ESG-oriented investors and portfolio managers avoid them?
Consider that Exxon Mobil, once the largest capitalization company in the world, has a dividend yield that hovers around 10 percent. The highly-respected and well-managed Chevron has a dividend yield of about 7 percent. With interest rates at historical lows, the yields available throughout the energy sector can be very tempting to yield-oriented investors, like retirees.
Click here to read the entire article.