Making regular contributions to your investment portfolio over a long period is one of the best ways to grow wealth over time, but it can be tricky to know which companies to buy when the time comes for the regular instalment.
Good companies to regularly add to include those with consistent growth to keep propelling your earnings higher. Here are three ever-reliable stocks to consider topping up on today:
1. SkyCity Entertainment Group Limited (ASX: SKC)
Over the next five years, SkyCity has plans to invest over $700 million on significant casino expansions in Auckland and Adelaide. The two projects will see the company funding the construction of local convention centres in exchange for prized legislation changes extending casino licences and allowing more electronic gaming machines and gaming tables.
The projects are expected to create significant value for shareholders going forward, with Citibank gaming analyst Michael Goltsman forecasting returns on investment of 12.4% and 18.4% respectively for the Auckland and Adelaide developments.
2. Telstra Corporation Ltd (ASX: TLS)
Telstra is a giant in the telecoms business and especially dominates in the mobile market. With its regular and sizeable cash flows Telstra is perceived as relatively stable by investors and benefits from reduced share price volatility.
Over the long-term the company could be in line to generate as much as $98 billion from its core infrastructure in leases and other fees over the next 55 years according to telecommunications industry publication CommsDay. The regular and reliable dividend yield is a great bonus.
3. Cedar Woods Properties Limited (ASX: CWP)
Property developer Cedar Woods Properties is the type of steady earner that is ideal to top-up on over time. The ASX 300 listed company has a proven track record of consistent earnings growth and has produced a five-year total shareholder return of 57.1% per year.
After sending revenue rocketing 39% in the first half of 2014, the company has a positive outlook for the second half and anticipates a record profit.
Contributing regularly to your portfolio will help you grow your wealth over time with steady, reliable capital gains and dividends. SkyCity Entertainment, Telstra and Cedar Woods Properties are three companies to achieve this.