MTI086: Burton Malkiel on Low Interest Rates, Corporate Bonds, and Dividend-paying Stocks for Retirees

 

Burton Malkiel is an American economist and writer, most famous for his classic finance book A Random Walk Down Wall Street.

He discusses ways retires should look at the current state of interest rates, purchasing corporate bonds, and dividend-paying stocks.

Following Mr. Malkiel’s talk with Doug, the rest of the panel discuss:

  • Should retirees buy preferred stock?
  • Are corporate bond funds really smart, since they don’t have a maturity date?
  • Would you encourage a nervous retiree to buy dividend-paying stocks?
  • Should people eat into principal as a way of funding retirement?
  • He didn’t mention real estate as a way to get income. Do you think it’s a good tool?
  • Is there anything truly wrong with being a gold digger and finding some wealthy widow or widower to marry for a few years and then collect a windfall at the end?

Yes, the roundtable tackles that last question in true Money Tree style.

Today’s Panelists

Doug Goldstein | Goldstein On Gelt
Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Planting Money Seeds
Linda P. Jones | Be Wealthy and Smart

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

  • Charlie S

    I went Miranda on this one and have a portion of my portfolio in a Preferred Stock ETF, PGX, and basically count it as from an allocation standpoint as a “High-yield, higher risk bond,” because preferred stocks act much more like a bond than a stock. I use it in my “income” bucket account.