Want $3,000 in Annual Passive Income? Invest $146,000 in Costco in July and Wait 10 Years. (But It's Not Just About the Dividend Income.)
You won't see much income right out of the gate. Just be patient. It's coming. So is plenty of capital appreciation.
Overview
Are you looking for good future investment income? Most investors can find dividend stocks worth owning right now. Picking income stocks worth holding in the distant future, however, is a bit trickier.
But, while past performance is no guarantee of future results, past results are a pretty good indicator of what the future likely holds.
Details
To this end, if you'd like to be pocketing $3,000 worth of annual dividend income in 2036, buy 156 shares of club-based retailer Costco Wholesale (NASDAQ: COST) today, at a total cost of around $146,000.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.