The debt ceiling crisis has many analysts forecasting a 10% to 20% correction in the coming weeks.
In a worst-case debt default scenario, America could be facing another Great Recession.
Fortunately, if you own quality companies within a diversified and prudently risk-managed portfolio, not even a severe recession can sink your rich retirement dreams.
This high-yield aristocrat is a quintessential Buffett-style “wonderful company at a fair price”, in fact, it’s 16% historically undervalued and analysts expect 14% CAGR total returns through 2023.
Over the long-term 12.1% CAGR long-term growth, basically what it has delivered for 35 years, could not only beat the S&P 500 and aristocrats but even the Nasdaq.