Could Home Depot Help You Become a Millionaire by Retirement?
Every investor wants to retire with enough money to comfortably last them a long lifetime, with plenty leftover to leave to heirs or favorite causes. A diversified, and informed, strategy is the best risk-adjusted method for getting there.
Part of that strategy should be to start early and let the magic of compounding do its thing. Another is to have a mix of growth, value, and dividend-paying holdings. Home Depot (NYSE: HD) is a stock that is backed by a growing business, and one that continues to share its cash flow with shareholders through a sharply increasing dividend. Shares may not always be a bargain, but by holding and reinvesting more along the way, investors can use this stock to retire with the money they need and desire.
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Source Fool.com
