2 Millionaire-Maker Dividend-Paying Consumer Staples Stocks
It is much easier to get rich slowly than it is to get rich fast, and usually a lot less risky, too. If you want to build wealth over time, consumer staples stocks should have a prominent place in your portfolio. Two reliable dividend-paying consumer staples giants to look at today are (NASDAQ: PEP) and Hormel (NYSE: HRL). Here's why you'll want to consider adding both to your millionaire-maker portfolio right now.
Before looking at PepsiCo and Hormel individually, it is important to consider what is required to build a seven-figure portfolio. There is risk involved, of course, since investing is an inherently risky activity. But the more important aspect to building wealth is really the avoidance of big mistakes -- the type that permanently destroy wealth.
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Source Fool.com
PepsiCo Inc. Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 13.71% for PepsiCo Inc. compared to the current price of 153.02 €.
