2 Stocks I'll Be Adding to My Retirement Account in January
I add money to my retirement account each month. That gives me the cash to increase my existing positions and add new ones to my portfolio. However, since I already own more than 100 stocks, I must have a very high conviction about a new company to bring it into the fold.
(NASDAQ: ADP) and EQT (NYSE: EQT) have become two high-conviction stocks for me. That's why I plan to add them to my retirement portfolio this January. A big factor driving my confidence in their future performance is their ability to pay a growing dividend.
I've refocused the investment strategy of my retirement portfolio over the past few years. I'm concentrating it on stocks that pay a growing dividend. That's because dividend growers have historically delivered the highest average annual total returns:
Source Fool.com
Automatic Data Processing Inc Stock
Our community is currently high on Automatic Data Processing Inc with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 8.96% compared to the current price of 227.6 € for Automatic Data Processing Inc.
