Where will Alphabet stock (ticker: GOOGL) be in 3 years?
How would you like to be paid 6.25% dividend rate while you wait?
Alphabet Convertible Preferred Stock (ticker: GOOGM) may be the investment you are looking for - high-yield "qualified dividend" income with the potential for capital appreciation on the GOOGL underlying stock.
The stock IPO'ed at par $50/share and will pay an annual dividend rate of 6.25%.
If you meet the holding requirements (you will if you hold to conversion), the dividends are qualified under IRS tax rules. Qualified dividends are taxed at 0%, 15%, or 20%, depending on your taxable income and filing status.