3 Stocks That Could Create Lasting Generational Wealth
If you are looking to create generational wealth, or a nest egg that you can pass on to your kin, you need to focus on companies that have survived the tests of time. You should also pay close attention to dividends since they can provide a boost to returns and give you something to hold on to when markets inevitably get turbulent.
Realty Income (NYSE: O), Bank of Nova Scotia (NYSE: BNS), and Procter & Gamble (NYSE: PG) are all names that should be on your short list for creating a lasting fortune.
Realty Income is a real estate investment trust (REIT) that owns single-tenant properties. Its tenants are responsible for most of the operating costs of the assets they occupy. This is known as a net lease in the industry. Any single property, with just one tenant, is high-risk. But over Realty Income's more than 11,000 locations, it is actually a pretty low-risk approach to owning real estate. Notably, the inflation that is spiking costs today is mostly affecting the REIT's tenants, which have to pay property operating costs.
Source Fool.com
