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Using retirement stocks to build long term wealth and income
June 29, 2008 on 4:15 am | By admin | In Business | 81 CommentsWhen the markets take a downturn you can usually find good stocks with steady earnings and dividends that get beaten down. Having a good portfolio of retirement stocks is a great way to build wealth over the long term. The steady dividends can be reinvested into the purchase of additional shares. You can also average down in times when the market corrects. This allows you to accumulate a large position at a reduced cost and benefit from the taxation treatment of dividends. For those who have the knowledge and skill to do this it can be a good way to build wealth for the long term.
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