This High-Yield Pipeline Stock Could Turn $450 a Month Into a Six-Figure Portfolio Paying Real Annual Income
Contrary to a common assumption among many investors, slow and steady wins the race.
Overview
Do investors make building an income portfolio more difficult than it needs to be? Many of them do.
If you feel like this could be you, there's a simple solution hiding in plain sight. It's an oil and gas pipeline company called Enbridge (NYSE: ENB). A commitment of just $450 per month to this oil stock could eventually turn into a six-figure stash, and perhaps more importantly, generate meaningful income when you finally need it.
Details
A pipeline company is an ideal business for producing reliable, recurring dividends. Pipeline operators aren't impacted by the ever-fluctuating price of natural gas or crude oil. Rather, since pipeline network owners like Enbridge simply charge a flat fee based on usage volume, they're only concerned about consumption (which remains steady).
Source
Originally published at www.fool.com.