As regular readers know, I’m a big fan of a group of companies I like to call my “forever stocks.” Put simply, forever stocks are businesses that can build your wealth, not just for months or quarters, but for generations. They are wonderful, legacy-type assets that you could literally own for the next 100 years. Forever stocks deliver a product or service you probably use every day. In contrast to banks or hedge funds, forever stocks don’t deal in complicated financial products.
In other words, they’re timeless. In all my years of investing, I’ve found that it’s not the hot startups or biotech names that make investors the most money. Rather, the best investments tend to be stodgy dividend stocks that crank out distributions decade after decade. Case in point: American Water Works Company Inc (NYSE:AWK). American Water Works has the excitement of a bologna sandwich. The company is the largest public water utility in the world, providing wastewater, drinking water, and other related services. Though the firm doesn’t get mentioned much at cocktail parties, the company meets my criteria of a “forever stock” for a couple of reasons.
Source: Income Investor
Related Articles:
- We Were Dividends, Before Dividends Were Cool
- 7 Dividend Stocks Delivering The Secret To Success
- 5 Low-Risk, High-Yielding Dividend Stocks
- 9 Dividend Stocks For A Rainy Day
- 6 Dividend Growth Stocks With Strong Capital Appreciation
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
There have been a lot of business cycles over the past five decades, ups and downs through which it takes astute leadership to survive and t...
-
The S&P 500 might be on one of its strongest bull runs ever, but there are several solid dividend stocks out there that haven't quit...
-
A safe yield and solid growth prospects are a must for any investor in real estate investment trusts -- and this company not only has these ...
-
Dividend payers have long had a reputation as stodgy companies that can pay a reliable income but whose stocks don't move too fast. Here...
-
These stocks need to achieve the right balance between dividend payment and the re-investment of profits. This ensures that the dividend is ...
-
This BDC remains a "Strong Buy". It has a diversified investment portfolio with considerable NII-upside. Shares sell for a premium...
-
If you have some money to invest and you’re not totally convinced that now is the time be stocking up on popular growth stocks, then take a ...
0 comments
Post a Comment
Post a Comment