Rick Orford

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Oct. 21, 2024 6:32 PM ET Teck Resources Limited (TECK) Stock TECK.B:CA Stock Rick Orford Follower s Follow

With the S&P 500 is it's 2nd year of a bull run, many investors are looking at buying hot stocks and commodities to ride the wave up.

US markets are trading around their all-time highs, and with the elections just around the corner, this begs the question: How can investors take advantage of the near-term volatility?

I've been a stock investor for a long time, and there's one point that stands out: building wealth through dividend stocks isn't always about chasing the ones with the highest yields.

There's almost no point in asking your friends if they enjoy bargains because, honestly, who doesn't?

Dividend Kings—stocks that have increased dividends for over 50 years—are rare. Out of the thousands of companies listed on the NYSE, Nasdaq, and other markets, less than 70 companies hold the title.

To become a Dividend King, it takes fifty years of consecutive dividend increases - which is hard to pull off, regardless of company size, sector, or market share.

Investors who want dividend stocks often turn to the big names like Altria, Chevron, and Coca-Cola.

U.S. markets have been on a historic bull run since the end of the pandemic. However, many investors may start to be wary.