How to Make Your Fortune in Stocks (2024)

Editor’s Note: Before we begin your free report “How to Make Your Fortune in Stocks,” I’d like to share a message from Wealth DailyPresident Brian Hicks.

Baby Boomer Admits: “I Wasted My Retirement”

I want to introduce you to Jerry. He’s 70 years old, fresh off the heels of his retirement party. He’s got well more than six figures in his retirement account. That’s enough money to live off of… right?

“I’ll be fine,” he thinks. But soon, it all starts catching up to him.

Inflation…Groceries…Gas…Gifts…Bills…Mortgage…

Jerry realizes he’s running out of money… fast.

He needs help to grow his retirement fund.

Jerry decides he wants to retire with confidence.

He decides wants to live the R.I.C.H. life.

That means…

Retired. Independent. Carefree. Healthy.

Now he couldn’t be happier, as he’s collecting passive income and growing his passive income at the same time.

Now you can join Jerry on his R.I.C.H. journey.

Find out how here.

Free Report: How to Make Your Fortune in Stocks

Despite what Wall Street wants you to believe, you don’t have to be a genius to become a millionaire in the stock market.

And you certainly don’t have to be a master trader to ensure that the investments you make return enough to take care of you during your retirement.

All you need is time and a simple plan.

In fact, your plan can be as simple as buying high-quality dividend-growing stocks. It’s a completely hands-off approach, let the power of compound interest do its job over time.

Now, we realize that this may sound way too simplistic. But the truth is, long-term investing should be simple. You’re weaponizing both time and compound interest two forces that are far more powerful than any analysis, economic forecast, or trading strategy.

That’s why we’ve put together this report. We want to teach investors about the long-term value of investing in high-yield dividend stocks. These stocks allow investors to take advantage of both time and compound interest.

But to kick-start your dividend-investing experience, we want to first provide you with an example. And then, we’ll give you a list of dividend stocks that are good for any portfolio.

Let’s get started…

He Was Just a Regular Investor

You’d think it would be pretty hard to hide a billionaire these days. After all, tax returns and Securities and Exchange Commission (SEC) filings can be easily accessed by diligent reporters.

Still, a new billionaire crops up from time to time.

More often than not, these new billionaires are at the helm of groundbreaking companies that strike it big.

And that’s the case with one of the newer American billionaires Stewart Horejsi (pronounced Horish).

The thing is, Horejsi uses a surprisingly simple strategy to make his fortune…

And this strategy hasn’t changed much over time. In fact, over the last 40 years, this method has reliably delivered impressive gains.

That means what works for Horejsi, and the many millionaires and billionaires before him, could work for you, too.

All you have to do is invest intelligently…

Investing to Make Your Fortune

Horejsi was running the company that his grandfather founded.

It was 1980, and Brown Welding Supply had been struggling. Other companies that sold oxygen and hydrogen tanks to welders had started to move into his Kansas turf.

So in a moment of desperation — or genius — Horejsi took more than $10,000 of company cash and bought 40 shares of Berkshire Hathaway stock. A friend had recently told him about Warren Buffett. Shares were trading for around $265 at the time.

Two weeks later, Horejsi bought 60 more shares at $295. A month after that, he doubled down for 200 shares at $330.

Horejsi eventually owned 5,800 Berkshire Hathaway shares. He sold 1,500 shares in 1998 when they’d been trading as high as $80,000 apiece. This was worth a cool $120 million. And he parlayed that into a successful money management firm.

Today, his remaining 4,300 shares are worth an astounding $1.23 billion.

I’d say he’s done pretty well.

And let’s not forget that Berkshire Hathaway has been a phenomenal success story. Since Horejsi’s first buys at $265, the stock has run to over $309,000 a share. That’s a gain of more than 116,503% over 39 years…

It’s Easier Than You Think

Now, Horejsi’s story may sound like a once-in-a-lifetime windfall.

It’s easy to hear a story like this and immediately thinkoh, that could never happen to me. But the fact is, massive gains over a span of 20 or 30 years are not once-in-a-lifetime events.

An investment might not give you gains like Stewart’s did, but you can pull in 20,000% or 30,000% within a 30-year period.

Say you bought Starbucks when it went public in 1992. Shares were $17. And $100,000 would have gotten you 5,882 shares.

Starbucks has split its shares six times over the last 20 years, and it only started paying a dividend in 2010. Today, if you’d reinvested those dividends, your 5,882 shares would have grown to 409,676shares…

That $100,000 would be worth almost $22.89 million!

The bottom line is, you just have to get started.

Don’t worry if you don’t have $100,000 ready to deploy. Start with what you can, and add to it when you can.

The point is to start.

And that brings us to the final segment of our report…

Some of the top dividend stocks out there…

Top Dividend Stocks for Any Portfolio

The Proctor & Gamble Company (NYSE: PG)

As the undisputed leader of the consumer staples industry, Proctor & Gamble has a lot to offer the average investor. Not only does the company have over 100 years of market experience, it’s also been delivering a healthy dividend for a large chunk of those years.

Even as our world changes and new players, like Amazon and small consumer staples companies, influence the consumer staples market, Proctor & Gamble has managed to grow. It’s grown its dividend by 5% in the last year, and has a payout ratio of 67.02%

Bottom line: At least in the immediate future, consumer staples aren’t going anywhere — even with companies like Amazon changing the ways in which these staples reach our households. Proctor & Gamble provides a wide range of household products from detergent to diapers. And it’s been showing almost constant growth since before the 2008 financial crash.

McDonald’s Corporation (NYSE: MCD)

I know, I know. McDonald’s isn’t exactly what comes to mind when you think of a cutting-edge modern company. But what’s actually happening behind the golden arches is the epitome of modern. From speedy and efficient systems to heavy marketing and consumer retention efforts, McDonald’s has continued to dominate.

The company has doubled down on expanding into new countries, tapping into markets with developing economies, like China’s. The restaurant has over 38,000 locations around the globe. And it’s continued to deliver new and interesting meals to a changing demographic. Proof of the company’s success is in the numbers: McDonald’s has more than doubled its monthly dividend in the last ten years.

Bottom line: Despite a shifting demographic, McDonald’s has managed to grow and meet the needs of its new customers. The company has been a fast-food pioneer, infiltrating new markets with growing economies and developing strong customer bases.

Verizon Communications Inc. (NYSE: VZ)

In the digital age, it’s good to have at least one company in your portfolio that’s paving the way toward a more connected future. Verizon is one such company that can act as an anchor for your portfolio with its nearly 7% dividend yield.

The ongoing rollout of 5G technology has created and sustained favorable conditions for the company. Although it might have faded from the news hype cycle, there is still billions of dollars worth of 5G infrastructure being constructed around the world, much of it by Verizon themselves.

There’s still an enormous amount of opportunity for Verizon in the future and a hefty dividend, to boot.

Bottom line: 5G has created a market growth opportunity for Verizon. And even if it isn’t a big winner right away, it could be a major victor in our increasingly connected world.

Final Thoughts: How to Make Your Fortune in Stocks and Beyond…

You can continue learning more about dividend stocks through our Wealth Dailye-letter. If you’re impatient for your e-mail updates, you are encouraged to visit and subscribe to our growing YouTube community. It’s totally free to you, and full of robust market commentary and analysis. Click here to get started.

Remember, fortune favors the bold.

How to Make Your Fortune in Stocks (2024)

FAQs

How do you make a fortune in stocks? ›

How to make money in stocks
  1. Open an investment account.
  2. Pick stock funds instead of individual stocks.
  3. Stay invested with the "buy and hold" strategy.
  4. Check out dividend-paying stocks.
  5. Explore new industries.
Apr 3, 2024

How to invest $100 dollars to make $1 000? ›

10 best ways to turn $100 into $1,000
  1. Opening a high-yield savings account. ...
  2. Investing in stocks, bonds, crypto, and real estate. ...
  3. Online selling. ...
  4. Blogging or vlogging. ...
  5. Opening a Roth IRA. ...
  6. Freelancing and other side hustles. ...
  7. Affiliate marketing and promotion. ...
  8. Online teaching.
Apr 12, 2024

How much money do I need to invest to make $3,000 a month? ›

Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.

How to make money in stocks with $500? ›

If you've got $500, you could invest it all in a single stock. But a better move is to buy an exchange-traded fund (ETF) that lets you invest your money across hundreds, or even thousands, of stocks -- all in just one purchase.

What are the 10 best stocks to buy right now? ›

Sign up for Kiplinger's Free E-Newsletters
Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
ServiceNow (NOW)1.49Strong Buy
Assurant (AIZ)1.50Strong Buy
Howmet Aerospace (HWM)1.50Strong Buy
Insulet (PODD)1.50Strong Buy
21 more rows

How to flip 1k to 10K? ›

How To Turn $1,000 Into $10,000
  1. Retail Arbitrage.
  2. Invest In Real Estate.
  3. Invest In Stocks & ETFs.
  4. Start A Side Hustle.
  5. Start An Online Business.
  6. Invest In Alternative Assets.
  7. Learn A New Skill.
  8. Try Peer-to-Peer Lending.
Jun 25, 2024

How can I double 1000 dollars? ›

How Can I Double $1000? If your employer offers a dollar-for-dollar match contribution, you can double $1,000 by investing it in your 401(k). Other than that, there's no easy or risk-free way to double $1,000—you can invest the money in individual stocks, but there will be risks involved.

How much do I need to invest a month to become a millionaire? ›

If you are starting from scratch, you will need to invest about $4,757 at the end of every month for 10 years. Suppose you already have $100,000. Then you will only need $3,390 at the end of every month to become a millionaire in 10 years.

What if I invest $200 a month for 20 years? ›

Investing as little as $200 a month can, if you do it consistently and invest wisely, turn into more than $150,000 in as soon as 20 years. If you keep contributing the same amount for another 20 years while generating the same average annual return on your investments, you could have more than $1.2 million.

What if I invest $50,000 every month? ›

As per the FundsIndia Research Report, by investing Rs 50,000 per month with a 10% annual increase in contribution, you can achieve your first Rs 80 lakh in 7 years at an assumed rate of 12%. Surprisingly, the second Rs 80 lakh takes only 3 years, and the third Rs 80 lakh is attained in just 2 years.

How to be a millionaire by investing in stocks? ›

So if you want to get rich in the stock market, follow these steps:
  1. Understand Stock Market Basics. ...
  2. Create an Investing Budget. ...
  3. Determine Your Risk Tolerance. ...
  4. Develop an Investment Strategy. ...
  5. Invest in Index Funds. ...
  6. Buy and Sell Individual Stocks. ...
  7. Buy and Hold for the Long Term. ...
  8. Invest Consistently.

Which are the best stocks to invest in 2024? ›

Best stocks in 2024
S.No.NameCMP Rs.
1.Man Infra197.70
2.BLS Internat.364.05
3.Black Box524.00
4.RHI Magnesita601.95
22 more rows

How to turn $500 into passive income? ›

Here are some of the best options for spending $500 on passive income ideas that help you generate more money.
  1. Invest In High-Quality Content for Your Personal Brand. ...
  2. Buy and Sell Domain Names. ...
  3. Peer-To-Peer Lending Accounts. ...
  4. Cryptocurrencies. ...
  5. Dividend-Paying Stocks. ...
  6. Refurbish a Spare Bedroom.
May 11, 2024

How to turn $10,000 into a fortune? ›

There are so many ways to turn $10,000 into more money, including:
  1. Investing in real estate with companies like RealtyMogul or Fundrise.
  2. Investing in stocks and ETFs.
  3. Starting an online business or side hustle.
  4. Investing in cryptocurrency.
Jul 24, 2024

How do people become millionaires from stocks? ›

You can get rich by investing in stocks – but it will take time. For example, consistently investing in the S&P 500 over a 12 to 15-year period could mean you may become a stock market millionaire. Investing in individual stocks might make you wealthier faster.

What is the best way to make a fortune? ›

8 Most Reliable Ways to Earn a Fortune Before You Die
  1. Sell Collectibles. ...
  2. Invest in Stocks. ...
  3. Start a Business. ...
  4. Grow Your Career. ...
  5. Start an Affiliate Marketing Business. ...
  6. Sell Your Photos Online. ...
  7. Start Your Own Blog. ...
  8. Create an Educational Product.

How much money do day traders with $10,000 accounts make per day on average? ›

How much money do day traders with $10000 accounts make per day on average? On average, day traders with $10,000 accounts can make $200-$600 per day, with skilled traders aiming for 2%-5% returns daily. So, it is possible to achieve a daily profit of $200 to $600 with a $10,000 account.

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