4 Sensational Dividend Stocks That Can Turn $300,000 Into $1 Million in 10 Years (or Less)
There's no sugarcoating it: This has been a challenging year to make money on Wall Street. Since hitting their respective all-time highs, the widely followed Dow Jones Industrial Average, broad-based S&P 500, and tech-driven Nasdaq Composite have tumbled as much as 18%, 23%, and 33%. This places both the S&P 500 and Nasdaq firmly in a bear market.
Although bear markets can tug on investors' emotions and test their resolve, they're historically the ideal time to put your money to work. Over time, every notable crash, correction, and bear market has eventually been wiped away by a bull market.
Arguably the smartest way to invest your money during a bear market decline is in dividend stocks. Companies that regularly pay a dividend are usually profitable on a recurring basis and time-tested. In other words, they're just the type of businesses we'd expect to increase in value over the long run.
Source Fool.com
