Buying opportunity in utilities
I am 70 but not retired, and I don't plan to. I have a $10,000 certificate of deposit maturing shortly. How could I invest this money to bring me the best yield? -- Y. M.
More power to you for keeping working; it keeps us all young!Without knowing your complete financial picture, I hesitate to recommend a specific course of action. Assuming you own your housing, however, you have other money in liquid assets, such as a money market mutual fund, short-term CD, or savings, you could consider buying utility company shares. These common-stock shares are in a historic buying range with current yield at 13 to 14 percent and potential for appreciation over the next two or three years. I suggest buying shares in at least two and possibly three companies. Your local broker can help you select appropriate issues.