CCI - Could These 3 Ultrahigh-Yield Stocks Help You Retire a Millionaire?
2023-11-28 05:48:00 ET
Becoming a millionaire by the time you retire isn't out of reach. For example, investing $300 each month into an equal-weight S&P 500 index fund should grow into $1 million in about 41 years (assuming a 7.7% average annual total return, which it has delivered over the last 50 years). You could become a millionaire even faster if you invest more money each month or find higher-returning investments. For example, dividend-paying stocks have historically delivered a 9.2% average annual total return. That rate of return could grow the same $300 monthly investment into $1 million in about 36 years.
W. P. Carey (NYSE: WPC) , NNN REIT (NYSE: NNN) , and Crown Castle (NYSE: CCI) stand out for their dividend-paying capabilities. All offer dividend yields above 5%, which is several times above the S&P 500's current average of around 1.5%. Here's a look at whether that could help make their investors millionaires by the time they retire.
W. P. Carey has been an enriching investment over the years. The diversified real estate investment trust (REIT) has delivered a 10.9% average annual total return since it came public a quarter century ago. At that rate, it would turn a $300-a-month investment into $1 million in about 32 years.
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Could These 3 Ultrahigh-Yield Stocks Help You Retire a Millionaire?