"Buy low, sell high" is a phrase every investor has heard. It's good advice, but things are a bit more complicated when the goal is to grow wealth to a level that allows for a secure and comfortable retirement. Long-term planning doesn't necessarily require you to wait for a stock to drop or for a general market downturn. That makes sense for trades, but not necessarily for true wealth-building investments.
One name that has given long-term investors significant returns is mega-retailer Target (NYSE: TGT). Even when the stock price seemed high at the time, it has eventually worked out well for stockholders. Let's see if now is one of those times where that strategy can pay off again.
Image source: Getty Images.
Source Fool.com