Could AbbVie Stock Help You Retire a Millionaire?
Building wealth for retirement is a lot easier when you own shares of companies that can keep growing for years and years without getting topped by rivals or otherwise swept away by the changing winds of the market. For example, mature businesses like AbbVie (NYSE: ABBV) are often especially favorable for retirement savings, due to their stable growth and demonstrated ability to prosper over time.
But slow and steady expansion won't make you a millionaire overnight. There's always a risk that your money will multiply much faster by investing in a company at the very start of its growth journey. Given that it might be necessary to hold shares and wait for years, could a stake in AbbVie be enough to grow your investment into millions?
Image source: Getty Images.
Source Fool.com
