ENB - Could These 3 Ultra-High Yield Stocks Help You Retire a Millionaire?
2023-12-28 06:01:00 ET
For most investors, building a million-dollar retirement portfolio requires making a lot of good decisions over a long period of time. The first one is to live below your means and save (and invest) what you don't spend.
What you do with the money you save, however, is very important too. Buying high-yielding stocks like Enbridge (NYSE: ENB) , Black Hills Corporation (NYSE: BKH) and Devon Energy (NYSE: DVN) could be just the foundation you need to get to that seven-figure goal. Here's a look at each.
Enbridge operates in the energy sector , where oil and natural gas prices can lead to dramatic swings in financial performance. But the Canadian company's business is largely shielded from commodity prices because it charges fees for the use of the energy infrastructure assets it owns, like pipelines . It doesn't matter if oil prices are high or low, the fuel still has to be delivered to market, and that keeps demand resilient for Enbridge's business.
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Could These 3 Ultra-High Yield Stocks Help You Retire a Millionaire?