Q: We are retired and have about $10,000 we want to invest in AT&T and Verizon or a precious metals mutual fund. What are your recommendations? We want growth and dividends.
A: Based on the information that you’ve provided below, and assuming you have other retirement assets that are supporting you, both AT&T and Verizon have nice dividend yields with the potential for capital appreciation. If you would like more diversification, SDY is an ETF that tracks the dividend payers in the S&P 500 which we like.
In the precious metals sector, we like Platinum and Gold right now. Gold is a nice hedge against inflation and/or a market downturn. There has been an increased demand for Platinum as the auto industry has gained momentum. GLD is an ETF we like for Gold and PPLT for Platinum.