When searching for stocks that have the potential to make you a millionaire, many people tend to look for speculative lottery tickets, like the stock tip your Uncle Jim boasted about during Christmas dinner.
While there are occasional instances of lightning striking, most millionaire-makers are actually boring yet successful companies that experience steady earnings growth over decades, often sharing their profits with shareholders through dividends.
These fabulous stocks are backed by businesses that may not experience explosive growth, but can reliably grow between 6% and 10% annually. Their consistent growth and dividend payouts over the years result in significant returns.
Consumer products stocks have the potential to make you wealthy
Consumers are the driving force behind the economy, with over 8 billion people in the world. If you want to become rich, look for companies that sell products that people all over the world repeatedly purchase.
Focus on essential products that people will buy regardless of the state of the economy. These products include…
2024-01-07 09:15:00
Post from finance.yahoo.com
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