Written by Adam Othman at The Motley Fool Canada
Dividend investing is an excellent way to help anyone achieve their retirement goal of living the lifestyle they want. The stock market offers plenty of opportunities for Canadian investors to build portfolios of income-generating assets with far better returns than with high-interest savings accounts of government-issued bonds. Unlike real estate, stock market investing does not require a massive cash outlay to begin.
Canadians from all walks of life can start building wealth by stock market investing. If there is a long time till you hit retirement, you can use a combination of high-yield dividend stocks and low-yielding but high-growth stocks to accelerate wealth growth. By reinvesting your dividend income through dividend-reinvestment plans, you can unlock the power of compounding to grow your wealth even faster.
Today, we will discuss a reliable Canadian…
