Could AbbVie Stock Help You Retire a Millionaire?
When it comes to planning for your financial future, it pays to pack your portfolio with stocks that can keep growing even if the market is falling. Though there's no shortcut to riches, with prudent investments, you can definitely get a lot closer than you might otherwise, provided that you have enough time to let your winners compound in value.
In this vein, drugmaker AbbVie (NYSE: ABBV) might be a strong contender for the part of your portfolio that's devoted to stable, stalwart stocks. Its roster of medicines is quite profitable, and it has a handful of other projects to pave the way for revenue growth in the future. Given the company's proven ability to develop drugs and get them approved, it has a lot to offer to shareholders -- but is it enough to make your net worth into millions of dollars over time?
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Source Fool.com
