Inflation and a rocky stock market have been wearing on consumers’ sentiments. Therefore, in order to dial down the risk profile of your portfolio to protect your retirement portfolio from unrecoverable losses, investing in fundamentally sound dividend-paying stocks like Oracle Corporation (ORCL), CVS Health Corporation (CVS), and Humana Inc. (HUM) could be wise.
Over the past year, prices went up while stock markets and savings account balances went down, leaving consumers and investors dizzy and their wallets hurting. Despite the Fed’s aggressive capacity to counter inflation, it is still well above its 2% target. The Consumer Price Index (CPI) increased 0.4% in February, putting the annual inflation rate at 6%.
