Millionaire-Maker Stock: This Dividend Stock Turned Every $5,000 Into $3.2 Million
Successful long-term investing might seem complicated. But here's the truth. It isn't. It's actually a lot more simple than it's made out to be.
In all of the feedback I get from investors, one of the most common misperceptions I come across is that you have to look far and wide for great long-term investment ideas. That you have to reinvent the wheel or find some secret gem out there that nobody knows about. Or that a well-known stock with 20 or 30 years of dividend growth under its belt has already seen its best days.
Well, that's just not true. Dividend Aristocrats are obvious examples of why that's not true. These are stocks that have increased their dividends for 25 or more consecutive years. Some of them have been increasing their dividends for more than 50 straight years. And even 20 or 30 years ago, when they'd already been growing their dividends for decades, many were still great long-term investments.
Today, I'm going to tell you about a Dividend Aristocrat that would have turned a single $5,000 investment into $3.2 million. This stock -- Lowe’s (LOW) -- is a king among Aristocrats - it's been increasing its dividend for 59 consecutive years. That time frame spans wars, recessions, terrorist attacks, and even a recent pandemic. But Lowe's kept on pumping out their growing dividend. That's the kind of resiliency you want in your investments.
Video Length: 00:06:47
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