10-07-2014, 01:43 PM
I would stick to what Dividend Watcher said. Make sure you aim for low risk for a core holding. I am looking to buy Exxon Mobil right now. I did research for an article I recently wrote, and with its current yield and a 10% dividend growth rate (I believe it has a 10.3% growth rate over the last 5 years), a $10,000 investment today can net you over $530,000 in a 40 year period. I know that's a bit more than what you were planning to put it, but it still shows the power of compounding dividend growth, and it's not like you only get to make one single purchase.
Focus on the core holdings. Get your hands on low risk companies with a long track record of dividend growth. I would have recommended KO and CL if their P/E ratios weren't so high, but aim for companies like that. After you have a portfolio full of safe core holdings, you can branch out a bit.
Focus on the core holdings. Get your hands on low risk companies with a long track record of dividend growth. I would have recommended KO and CL if their P/E ratios weren't so high, but aim for companies like that. After you have a portfolio full of safe core holdings, you can branch out a bit.