not vested
IT MAY BE BORING, BUT IT WORKS
Today, we're beating the drum once again on one of our favorite investing strategies...
Longtime DailyWealth readers know that the simplest businesses – like waste disposal and tools – often reward shareholders the best.
Contrary to popular belief, you don't need to make risky bets to make a lot of money in the stock market.
For proof, we look at $117 billion manufacturing conglomerate 3M (MMM). The company makes "boring" household products like ACE bandages, Post-it notes, and Scotch tape.
3M has grown its bottom line consistently over the last several years and has passed that growth along to shareholders, raising its dividend for 58 consecutive years.
Still, 3M isn't the type of stock you'll hear about much from Wall Street analysts or your next-door neighbor.
But that's OK with us... As you can see from the following chart, 3M shares just broke out to a fresh multiyear high. They're up nearly 120% over the last five years alone.
Investing in boring household items may not be exciting, but it works...
Source: Daily Wealth