3 Stocks That Could Create Lasting Generational Wealth
Many families want to leave a legacy for their children. A great way to leave a lasting financial legacy is to own assets that steadily increase in value over the decades while sending a rising income stream to the holder. Investing in high-quality dividend stocks can be a great way to build generational wealth.
Realty Income (NYSE: O), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Waste Management (NYSE: WM) have a long history of growing value for their shareholders. These businesses should last the test of time and continue growing in the future. That makes them great stocks to buy for those seeking to create lasting generational wealth.
Realty Income has been helping its investors build durable wealth for over five decades. The real estate investment trust (REIT) owns a growing commercial real estate portfolio that produces durable and steadily-rising rental income. It pays out three-quarters of that predictable income to shareholders through dividends each month (its payout currently yields more than 5%). It retains the rest to help fund new property investments.
Source Fool.com
Brookfield Corp. Stock
Currently there is a rather positive sentiment for Brookfield Corp. with 11 Buy predictions and 4 Sell predictions.
With a target price of 55 € there is a positive potential of 48.09% for Brookfield Corp. compared to the current price of 37.14 €.
