Albert Einstein called compounding "the eighth wonder of the world," and it's amazing when you look at this idea in terms of dividends. A dividend growth stock like Home Depot (NYSE: HD) is an example of a company that has grown its dividend at an average annual clip of 18% over the past decade.
Check out today's video, as I walk through how compounding works and how you can earn money in your sleep. Check out the special offer in the link below.
*Stock prices used were end-of-day prices of July 14, 2023. The video was published on July 17, 2023.
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Mark Roussin, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy.
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