Weekend Reading: Know These Boom or Bust Scenarios
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This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
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Are speculative stocks—those with the potential for skyrocketing gains or significant losses—right for your retirement portfolio?
READ THE ARTICLEWhile traditionally considered too risky for retirees, they can play a role for those with a higher risk tolerance.
Understanding the drivers behind these volatile investments is key. A breakthrough in research and development, a favorable change in legislation, or even rumors of a partnership can catapult a speculative stock's value. However, the risks are equally dramatic, including product failures or a company running out of cash.