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Building a great investment portfolio and, therefore, wealth takes a lot of patience and time. Portfolios can also take many shapes depending on the investor’s goals and purpose.
For some, it’s all about chasing high-risk, high-reward opportunities, which promise quicker returns, while for other investors, it’s about a steadier approach focusing on dividend payments and long-term growth.
Both strategies have benefits and again, the right one depends on the investor’s goals, risk appetite and time horizon.
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One investor recently shared his journey and explained how he turned $3.50 per hour investments into a $4.4 million portfolio in over 35 years. While his approach relied heavily on dividends and closed-end funds, a major key to his success involved making bold moves on risky stocks like IMMU (Immunomedics) and SAVA (Cassava Sciences).
He held IMMU stocks for decades and sold them at the right time, generating $2.2 million for his portfolio, which shows how long-term strategies and perhaps a bit of luck can pay off big.
“Started at $3.50 per hour. Went back to school in my early 30s, as did my wife. Definitely no inheritance and student loans to boot. Just 35 years of investing. […] Got lucky with IMMU buyout after riding that one (in and out) for ~30 years,” the investor said.
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Now, he’s planning on shifting gears to more conservative, balanced, high-yield stocks that pay dividends. With his holdings allocated to 150 different stocks, his top 10 favorites make up 25% of his $300K annual dividends.
These picks include a combination of dividend-growth stocks, closed-end funds and high-risk plays and he’s shared them in a thread in Reddit’s r/dividends community.
Let’s closely examine his top 10 stock picks and why they appeal to so many investors.
