UL - 2 Stocks That Could Create Lasting Generational Wealth
2024-06-06 09:45:00 ET
Investors often try to get rich quick, buying shares of stocks that are rocketing higher. The problem is that those stocks sometimes flame out in the end. A more reliable way to build generational wealth is to have a strong foundation of boring, reliable companies. It's even better if those companies pay dividends that can be reinvested over time.
Right now, you might want to consider "sleep-well-at-night" companies like Realty Income (NYSE: O) and Unilever (NYSE: UL) .
The biggest attraction for Realty Income right now is probably the real estate investment trust's (REIT's) 5.8% dividend yield. That's near the highest levels of the past decade and far above the scant 1.3% on offer from the S&P 500 index. You can use the monthly dividend to pay for living expenses, or reinvest it to compound your growth over time.
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2 Stocks That Could Create Lasting Generational Wealth