Charles, a 62-year-old army veteran, buys preferred stocks in companies. Although the returns on these stocks are not high, he is more than happy with his investments as they bring a steady flow of money that helps him in his sustenance. Charles's investment approach is an example of the strategy of _____.

Question

Quizplus · Accepted Answer

Charles's investment approach is focused on generating a steady flow of income through dividends from preferred stocks, which aligns with the strategy of investing for income.

Charles, a 62-Year-Old Army Veteran, Buys Preferred Stocks in Companies