From Dividend Growth Stocks:
I know very little about hockey, but I have always loved this quote:
“I skate to where the puck is going to be, not where it has been.“ – Wayne Gretzky
It can be applied to so many things in life, including investing in dividend growth stocks. Just as Gretzky has a vision as to where the puck is going, investors need to have a similar vision… and not get caught up on short-sighted distractions.
Investing in dividend growth stocks requires a long-term vision. It is easy to run a screen and find stocks that are paying a 10%, 15%, or 20% yield today… but how long will they be able to sustain it? Instead, you may want to skate to where the future high yielders are going to be. To do that, here are some things you need to know…