2024-03-31 07:00:00 ET
While merely investing $8 a week in the S&P 500 Index may not sound like enough to set you on a path to retirement, this $400 added annually could balloon to nearly $200,000 after 40 years, assuming the market's standard 10% returns.
Furthermore, finding stocks with specific indicators such as well-known brands, growing and sustainable dividends, and a top-tier return on invested capital can boost these historical returns closer to the 12% mark. This slightly higher rate would turn these weekly $8 additions into $344,000 over the same time.
Best yet for investors, companies that offer these market-beating traits can be found all around us. Starbucks (NASDAQ: SBUX) and The Hershey Company (NYSE: HSY) are two great examples hiding in plain sight. Here's what makes these two juggernauts the smartest dividend stocks to buy with $400.
For further details see:
The Smartest Dividend Stocks to Buy With $400 Right Now