While investors in their 70s need to take a more conservative approach to managing their money, they shouldn’t avoid the stock market entirely. Instead, they should look to own stocks that offer safe business models, a steady stream of income, and the chance for reliable growth.
With those criteria in mind, here’s why I think Colgate-Palmolive (NYSE: CL), Realty Income (NYSE: O), Constellation Brands (NYSE: STZ) are a perfect fit.
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