$300 a Month in These 3 Stocks Could Make You a Millionaire by Retirement
The power of compounding works better the longer you're able to keep your money invested. If you have several decades left before you retire, investing just $300 a month at a 10% annual rate of return for 35 years would grow that small starting amount into just over $1 million. And with more brokers allowing investors to buy fractional shares, you don't need to feel limited if the stock you want to buy trades for a higher price than the cash you have on hand.
Past performance is no guarantee of future results, but investing $100 a month in each of these three dividend-paying stocks has a good chance of making you a millionaire if you have a few decades.
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Source Fool.com