2 Stocks That Could Make You Rich for Retirement
One common goal of investors is to build enough gains to fund a prosperous retirement. Meeting that goal sometimes leads to a significant challenge for growth and income investors. The fastest-growing stocks tend to not pay dividends, and stocks with more generous payouts tend to not grow quickly.
I say "tend to" because there are a few exceptions out there. Investors can find dividend growth stocks that also generate enough price appreciation to match or exceed the performance of the S&P 500. Two examples we will discuss today are Broadcom (NASDAQ: AVGO) and Innovative Industrial Properties (IIP) (NYSE: IIPR). Let's take a closer look at these two stocks that can make you rich in retirement.
Broadcom is a business-to-business semiconductor company. It develops customized chips for these enterprises. Products related to storage, wireless, and wired connectivity are among its offerings. It also diversified into enterprise software a few years ago, a factor that could help in shaking off chip demand worries. Assuming it completes its proposed purchase of cloud systems company VMWare (NYSE: VMW), software will probably account for more than 40% of its revenue.
Source Fool.com
