Could Buying Home Depot Stock Today Set You Up for Life?
Home Depot (NYSE: HD) has been an amazing stock for investors who have bought and held for the long term. Although it's not a growth stock, it has outperformed the market, and by a wide margin.Several factors contribute to its success, and it's a clear example of the "winners keep on winning" investment strategy. It also has another secret: the dividend. In fact, Home Depot's dividend has added incredible value to the stock as a whole.And it's more than the passive income; if you'd never taken the dividend as passive income and instead reinvested it in growing your position, you'd have a lot more money, depending on when you'd invested. If you'd invested $1,000 20 years ago, you'd have nearly doubled your gain from the dividend.Continue reading
Home Depot (NYSE: HD) has been an amazing stock for investors who have bought and held for the long term. Although it's not a growth stock, it has outperformed the market, and by a wide margin.
Several factors contribute to its success, and it's a clear example of the "winners keep on winning" investment strategy. It also has another secret: the dividend. In fact, Home Depot's dividend has added incredible value to the stock as a whole.
And it's more than the passive income; if you'd never taken the dividend as passive income and instead reinvested it in growing your position, you'd have a lot more money, depending on when you'd invested. If you'd invested $1,000 20 years ago, you'd have nearly doubled your gain from the dividend.
