Want $1 Million in Retirement? 3 Stocks to Buy Now and Hold for Decades.

A million dollars is a big amount, but if you have decades to go before retirement, it is within reach for most investors. The key is finding an investment approach and sticking to it through good markets and bad ones.

Three stocks currently out of favor (two that pay dividends and one that doesn’t) to consider buying and holding and help you attain that $1 million investment goal are Toronto-Dominion Bank (NYSE: TD), landlord Realty Income (NYSE: O), and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Here’s a quick look at each.

1. Toronto-Dominion Bank: Real concerns but overblown risk

Toronto-Dominion Bank, or TD Bank as it is more commonly known, is one of the largest banks in Canada. That country’s banking regulations are very strict, which has resulted in a small number of big banks (like TD Bank) that are effectively protected from new competition. This heavy-handed regulation has also created a conservative ethos within TD Bank and its peers. So, all in, it is a fairly safe bank.

That said, the housing market in Canada has been in a worrying state. First, there was a long rise in home prices, and now the quick rise in interest rates has investors worried that loan defaults will start ticking higher.

TD Bank has an added worry. It was recently forced by U.S. regulators to cancel an acquisition because of concerns over the company’s money-laundering controls. Canada is the bank’s foundation, and its U.S. business was expected to be its growth engine. That engine has just stalled, but it is likely only temporary.

As a result of these concerns, investors have pushed the bank’s dividend yield up to 5%, which is toward its high end historically. Given that the bank has paid a dividend for over 100 years and has North America’s third-highest tier 1 capital ratio, a measure of its ability to weather adversity, the risk here seems modest.

The growth opportunity in the U.S. market, meanwhile, is still quite large even if it takes longer to tap into. Wall Street’s concerns seem like a buying opportunity.

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2. Realty Income isn’t exciting, but that’s the…


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