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Wed, January 22, 2025

Want Decades of Passive Income? 4 Stocks to Buy Now and Hold Forever


Published on 2025-01-22 17:01:19 - MSN
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  • Investing in dividend stocks offers Canadians a tonne of advantages. In addition to the potential capital gains you can make holding these stocks, you can also earn significant passive income, helping to compound your capital quicker. However, like any ...

The article from MSN Money discusses the benefits of investing in stocks for generating passive income over the long term. It highlights four stocks recommended for investors looking to build a portfolio that can provide income for decades. Enbridge is praised for its extensive pipeline network and consistent dividend increases, offering a high yield. Brookfield Infrastructure Partners is noted for its diversified infrastructure assets globally, providing stable cash flows and a growing distribution. Royal Bank of Canada (RBC) is recommended due to its strong position in the Canadian banking sector, with a history of reliable dividend payments. Lastly, McDonald's is suggested for its robust business model, global presence, and consistent dividend growth, making it a solid choice for long-term passive income. The article emphasizes the importance of selecting companies with strong fundamentals, a history of dividend payments, and the potential for growth, which can lead to significant passive income over time.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/want-decades-of-passive-income-4-stocks-to-buy-now-and-hold-forever/ar-AA1xGpEq ]
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