2 Dividend Stocks to Hold for the Next 10 Years
Wondering how to build wealth over the next decade? These familiar names could do some heavy lifting to meet your income-generating needs.
"Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, ten, and twenty years from now. [...] If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." -- Warren Buffett
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A volatile stock market can set investors up for fantastic results. All you need is lots of patience and a bit of common sense. Dividend stocks can be especially effective in a swooning market, since their steady flow of passive income can make up for weak or unpredictable share price gains. And if you're setting up a dividend reinvestment plan (DRIP) to buy more stock with every dividend payout, you'll even build your portfolio faster when prices are low.
