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Baby Boomer Portfolios: Retirement Stocks
It's being called a major secular trend that will influence the financial markets for most of the next two decades. The estimated 76 million members of the Baby Boom generation will reach the age of 65 by 2029.
It will produce a rapidly-growing market for investments with higher long-term returns, less volatility and the security of dividends as attention turns from earned income to unearned income.
Joe Keating is RBC Bank's CIO of private asset management. He has some recommendations for the Baby Boomers.
So, where do things look rosiest for the graying generation? Keating has identified four sectors where market pressures have opened up great buying opportunities:
Recommendations:
(See below for Web Exclusives)
1) International Growth/Dollar Plays:
United Technologies [UTX
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], Rockwell International [RKWLA
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], Honeywell [HON
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], Nike
[NKE
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], PepsiCo [PEP
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], Procter & Gamble [PG
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], Colgate Palmolive [CL
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], and VF Corporation
2) Pipeline Companies in Master Limited Partnerships:
Enterprise Products Partners [EPD
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], Enbridge Energy Partners [EEP
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], Plains All American [PAA
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], and Teppco Partners [TPP
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].
3) Financial Stocks:
Northern Trust [NTRS
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], PNC Bank [PNC
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], Wells Fargo [WFC
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], Bank Of New York Mellon [BK
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], and Alliance Bernstein [AB
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].
4) Utilities:
Progress Energy [PGN
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], PPL [PPL
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], Dominion Resources [D
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], Ameren [AEE
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], and Consolidated Edison [ED
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].
CNBC.com Web Exclusives:
Joe Keating also likes General Electric [GE
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] and Clorox [CLX
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].
Disclosures:
General Electric is the parent company of CNBC and CNBC.com.
Disclosure information for Keating and his company was not immediately available.












