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What is a reason why stock prices of a particular company falls down lower than historical norms would suggest? One reason is when there is a general feeling in the air that, Amazon, Alphabet, or any of the remaining wave of new-age tech companies has a change of disrupting the company’s industry and core profit engine.
But, by the same token, it also stands to reason that one of the best places to find an investment is an industry where the investor community believes that disruption is likely to occur but, in fact, will not cause the scope of disruption that is anticipated.
This is arguably one of the most important investing principles to every apply correctly as it can result in wealth far beyond what you would ever expect. From 1956 through 2003, the old Philip Morris (now Altria, Philip Morris International, Mondelez, and a portion of Kraft-Heinz) delivered … Read the rest of this article!
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