Written by Christopher Liew, CFA at The Motley Fool Canada
Average onlookers will see it as absolutely ridiculous to turn $100,000 into $1 million through stock investing. However, what they perceive as pure fantasy happens in reality. The truth is, a million-dollar portfolio is achievable with only two stocks and a well-defined investment strategy.
An income-and-growth investing strategy should help accelerate the accumulation of capital to a seven-figure fortune. The approach combines rock-solid dividend income for reinvestment with exponential capital growth.
Enbridge (TSX:ENB) and Hammond Power Solutions (TSX:HPS.A) are two powerful levers that could work in tandem. In a 50/50 allocation ($50,000 each), the former provides a defensive cash cushion, while the latter increases capital through price appreciation during market upswings.
Income compounder
Enbridge is not only a defensive anchor but also the ultimate income compounder. At $76.13 per share (+19% year to date), the dividend yield is 5.1%. A $50,000 position will grow to $177,347.40 in 25 years, including dividend reinvesting (quarterly). The final balance is based on a flat price and constant-yield assumption.
ENB, a large-cap stock, has recorded 31 consecutive years of dividend increases. The $166.2 billion energy infrastructure company operates a vast crude oil and liquids transportation system and an expansive natural gas utility network across North America.
About 95% of the company’s cash flows come from long-term contracts or are under regulated rate structures. The setup insulates the business from volatile commodity prices. Four core franchises form the diversified business mix.
All segments, from Gas Transmission and Liquids Pipelines to Gas Distribution & Storage and Renewable Power, have visible growth potential. The total opportunities through 2030 are around $50 billion.
In the first quarter (Q1) of 2026, Adjusted earnings declined 5% year over year to $2.1 billion, while distributable cash flow (DCF) increased 2% to $3.8 billion from a year ago. According to Greg Ebel, president and CEO of Enbridge, the global energy sector experienced the most volatile and complex conditions in the past several months. He said Enbridge’s secured capital backlog stands at $40 billion, and will actively advance approximately $50 billion of unsanctioned opportunities.
Millionaire maker
Given its performance, Hammond Power Solutions is a millionaire maker. As a backdrop, the industrial stock is a back-to-back TSX30 winner, the annual ranking of Canada’s 30 top-performing stocks. It ranked first in 2024 and placed third in 2025.