It’s perhaps never too early to plan for your retirement, especially in today’s investing environment. Allocating a small portion of your savings each month can greatly impact your retirement portfolio. Nevertheless, it helps to focus on creating a diversified portfolio with plenty of dividend stocks that substantially curb the downside risk.
You might be confronted with many uncomfortable decisions in ensuring you don’t outlive your savings. However, the best way to avoid that predicament is to invest a substantial portion of your retirement savings in dividend stocks. Moreover, with the equity market experiencing such a massive correction, investors need to consider scooping up undervalued dividend stocks to buy, which are likely to offer plenty of upside.
Intel (INTC)
Intel (NASDAQ:INTC) has established itself as a dominant player in client central processing unit and server markets, with more than 75% share in both sectors. It offers investors a remarkable 3.5% yield with eight years of dividend growth.
It hs been facing tough competition from Advanced Micro Devices (NASDAQ:AMD),but the next couple of years could potentially turn the tide for the firm. It has to do with its aggressive product roadmap, backed by billions in investments. It plans to invest $20 billion in developing a couple of new factories in Ohio state and up to 80 billion euro in Europe over the next ten years.
Intel’s 7nm process launch will give AMD a run for its money in the coming years. Its 7-nm process is significantly more powerful than AMD’s 5nm process offering. Hence, Intel expects sales to increase in the long run, with 10% to 12% growth by 2026.
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