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How to Get Your Piece of the $69 Billion Pet Industry

You know how you can tell you live in a pretty wealthy country?

When you spend a cumulative $69 billion on your pets as a nation.

According to the American Pet Products Association, that's what Americans spent on Fido and Fluffy last year.

Bob Vetere, president and CEO of the Association, told the Global Pet Expo earlier this year that it's incredible not only to see growth for the pet industry in general, but to experience growth across all categories of the pet industry – with the exception of "live animal purchases," which remained the same.

Talk to any pet owner, and they'll tell you how difficult it is to put a dollar limit on what they'd spend to give their loyal companion a happy life, and it's this outlook that continues to drive growth.

When I first heard that $69 billion number, I was skeptical. But when I mentioned it to my wife, she showed me how much we spent on our cat and dog. And let me tell you! It was a healthy number, and that doesn't even include the occasional cheeseburger I buy the dog.

When I thought about it, I realized my son has a hefty investment in his two pythons, considering the specialized cages and lighting required. And my daughter has a dog with some health issues, and she is constantly complaining about the costs associated with doggie healthcare.

So it turns out that it's not just crazy cat ladies spending all this money! It's regular people too.

Given all this money spent on pets, there's bound to be a few profit opportunities.

And that's exactly what I want to explore here today...


The No. 1 Stock to Own in This Millennial-Driven Growth Industry

The pet care industry is one of the most surprising (and profitable) industries you can target today. And it's presented us with one of the best stocks you can buy today.

In 2013, it was worth $55 billion. Now, it's worth $86 billion and is expected to more than double to $202 billion by 2025, according to Grand View Research Inc.

And we don't see any signs of it slowing down...


3 of the Best Dividend Stocks to Buy in August 2018

Every investor want to own stocks that can provide a reliable source of income and appreciate over time.

That's why we're bringing you the three best dividend stocks to buy in August 2018.

These three stocks represent companies that have the kind of robust financials that ensure regular returns and the growth potential that can increase asset value – and your profits.

Not to mention, these dividend-paying stocks are far safer investments than companies that don't offer dividend payout and have unreliable finances...