How To 4X Your Next $1,400 Stimulus Check With These 2 Investments

I love dividend growth investing, so I'm going to show you how to invest in the stock market in two high-quality dividend growth stocks, possibly the best stocks to buy now, that could turn that $1,400 into thousands of dollars over time. Let's say you want to invest that $1,400 into two stocks evenly - that's $700 per stock.

The first stock is Lockheed Martin Corporation - stock ticker LMT. It's the world's largest defense contractor. It doesn't get much more obvious than this stock.

And even after a recent period of languishing, the stock has still delivered a compound annual rate of return of 19.66% over the last 10 years, including reinvested dividends, turning $700 into $4,208.

I think there's a very good chance that the next decade looks a lot like the last decade for this stock. Keep in mind, we're starting the next 10-year period from a low valuation point on the stock. And the business is carrying a backlog of over $147 billion.

The next stock I want to highlight is Qualcomm Inc. - stock ticker QCOM. This company develops and licenses products and services based on its advanced wireless broadband technology.

After finally moving past some legal disputes with Apple in the spring of 2019, Qualcomm's stock surged. This thing went from under $60/share to about $90/share in a hurry. Since then, all Qualcomm seems to do is announce amazing earnings.

Qualcomm's stock has compounded at an annual rate of 12.14% over the last decade, including reinvested dividends, turning $700 into $2,200. That number would be even higher had I did the math back when the stock was near $170, which shows you just how impressive things have been.

Video Length: 00:08:11

Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.