Reported 6 months ago
The article discusses Warren Buffett's successful compounding strategy known as dividend reinvestment programs (DRIP) and how long-term investors can leverage this strategy to grow their investments. It highlights Pfizer Inc as a potential growth stock where an investment of $50,000 with monthly contributions of $500 could potentially grow to $1,030,974.5 after taxes by 2034. Despite recent challenges, Pfizer's future looks promising with new products in the pipeline and institutional investors showing strong interest.
Source: YAHOO