Forget Dogecoin: These Dogs of the Dow Are More Likely to Make You Rich
There are many different investment strategies. Until recently, buying a cryptocurrency started as a joke wouldn't have been on the list. Yet, Dogecoin (CRYPTO: DOGE) continues to garner attention despite falling 65% from its high. It's entertaining, but those looking to build wealth might be barking up the wrong tree.
Another approach is to buy high-yielding dividend stocks. The ones in the Dow Jones Industrial Average (DJINDICES: ^DJI) with the largest payouts are often referred to as the "Dogs of the Dow." Two of these -- Walgreens Boots Alliance (NASDAQ: WBA) and Merck (NYSE: MRK) -- could give your portfolio a lot more bite if left to compound over time. Digging in reveals how.
Image source: Getty Images.
Source Fool.com
