Updated: March 21, 2016
Billionaire investor George Soros said it best: “Good investing is boring.”
Two great examples: dividend reinvestment plans (DRIPs)—an automatic way of building wealth that most investors ignore—and the S&P 500 Dividend Aristocrats.
Let’s take the second one first. Many of the 50 companies on the Dividend Aristocrats list peddle everyday staples like tape, telephone service and over-the-counter drugs—products that are about as humdrum as you’ll find.
These are household names like Colgate-Palmolive (CL), Kimberley-Clark (KMB), and Clorox (CLX). (I’ll give you the names of my three favorite Dividend Aristocrats in a minute.)
But these companies have a big edge over the flashy wearable tech and biotech stocks investors usually go gaga for: they pay steady dividends.… Read more